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FinancialNews
13-04-20
RIPI to diversify basket of technological products in oil industry: Iran
(MENAFN) Iran's Research Institute of Petroleum Industry (RIPI) has it on the plan to expand the basket of technological products in the oil industry, according to head of RIPI.
As said by Jafar Tofiqi, "the research institute is not just a research contractor, it plays a strategic role in addressing the needs of the oil industry".
He also said that, "we will be facing more demand from the oil industry in the current [Iranian calendar] year (began on March 20), so we need to expand the basket of our technological products in order to meet those requirements; this requires more capacity building and empowerment within the Petroleum Industry Research Institute".
The technical needs of the oil industry are constantly developing, he added, "in the current situation when foreign companies are not present, this opportunity should be used to replace these companies to create value and technology."
MENAFN1304202000450000ID1100014733
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