The factory, known as KCT, was inaugurated by the managing-director of Pars Oil and Gas Company, Ali-Akbar Shabanpour.

The factory has been constructed jointly by a European firm and Petropars Well Services Company.

In the wake of toughening of sanctions against Iran in recent years and an ensuing halt in the US company’s contribution to gas wells completion, Petropars replaced the equipment through a European firm.

The joint-venture project in the Kish island cost 7 million dollars.

Petropars Oil Wells Services Company has completed more than 40 gas wells in South Pars gas field since 2010.