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  • 21-11-22

    NIOC establishes oil, gas ventures valued at USD30.8 million

    (MENAFN) The National Iranian Oil Company (NIOC) has created 10 oil and gas ventures with an overall worth of €30 million (nearly USD30.8 million).

    “The projects will effectively contribute to job creation and technology development in the country,” NIOC official Mahdia Motahari stated, as reported by Shana.

    He went further on saying that a list of 14 strategic items needed by the oil sector has been ready.

    Also mentioning that “The list can generate a turnover of several hundred million dollars inside the country and be effective in the formation of knowledge-based and technological companies.”

    It is needed for knowledge-based firms to highlight additional technological ventures with the aim of reaching the requirements of the oil sector, he highlighted.

    The indigenization and local output of oil and gas sector equipment have been always between the goals of the Iranian Oil Ministry.

    Nonetheless, the problem became additionally underlined since the re-imposition of the U.S. restrictions and Washington’s willpower for blocking the Islamic Republic’s relations with the world's tops in knowledge and technology, mainly in the oil and gas field.

    MENAFN21112022000045014228ID1105210967

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