Emphasizing the need for knowledge-based and increasing exports of oil, gas, refining and petrochemical industries, President Seyed Ebrahim Raisi said, "Apart from qualitative development, quantitative development of oil, gas, refining and petrochemical industries can lead to job-creating employment and improving the country's export capacity."
Oil Minister Javad Owji says the maximum pressure of the U.S. against Iran has failed, adding that oil industry staff are soldiers of economic jihad and are at the front line of this economic war.
In the recent years, especially after the re-imposition of U.S. sanctions, Iran has seriously pursued strengthening and developing knowledge-based, research and technology activities in all sectors, with the aim of empowering domestic production and nullifying the sanctions.
Iranian Research Institute of Petroleum Industry (RIPI) has it on the agenda to conduct over six trillion rials (about $142.8 million) worth of research projects in various upstream areas, including exploration, drilling, production, and enhancing recovery factor of the fields, an official with the institute announced.
As one of the major pillars of the Iranian economy, the oil industry has been evolving continuously over the past four decades and with the world stepping into the new era of technological advances the Iranian oil industry too has been taking new steps in this regard.
Iranian Vice-President for Science and Technology Sorena Sattari has said that 80 percent of the products that are being produced for the first time in the country are related to the oil industry.
Iran’s oil have been struggling with internal and external sanctions for decades, and this pressure from both sides has impeded the industry to achieve its proper status.
Iranian Oil Industry Ventures (IOIV), a newly established semi-governmental entity that is helping startups active in oil industry, has signed four deals with domestic companies in order to support their activities in the current Iranian calendar year (started on March 21).
Iranian First Vice President said on Tuesday that the oil and gas sector has undergone the most pressure from the sanctions, adding that the oil and gas and petrochemical sectors are crucial for the economic development of the country.
An official with the Tehran Oil Refining Company said more than 90% of the company's refining parts and equipment are provided by domestic manufacturers.