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  • 15-06-21

    Iran produces 80 percent of products in oil industry

    (MENAFN)About 80 percent of the products that are being manufactured for the first time in Iran are related to the oil industry, according to Iranian Vice-President for Science and Technology Sorena Sattari.

    ''The government will support research on new equipment and the private sector invests on the mass production of the final products,” Sattari further stated during the launching ceremony of the Oil Industry Innovation and Technology Park on Monday, noting the important role of knowledge-based companies and startups in indigenizing the knowledge for the production of new equipment and products.

    He added that ''The Petroleum Industry Research Institute can be a great platform [for working on the indigenization of equipment and products], but one cannot expect a researcher at this institute to produce a final product.”

    The official also declared that "The condition must be prepared for startups to thrive," adding that "Technology companies provide this opportunity."

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