Number of Knowledge-Based Firms Active in Iran Oil Industry Triples

The number of knowledge-based companies active in Iran’s oil industry has increased from 150 in the previous Iranian calendar year (March 2021-22) to 550 in the current year (March 2022-23), an official at the country’s Oil Ministry said.

Vahid Zeidi-Fard, deputy oil minister for engineering, research, and technology, made the remarks on the sidelines of the first conference and exhibition of technology management of knowledge-based products in Iran's oil industry (Petrotech 2022), Shana reported.

Organized by the ministry on the occasion of the Research Week, Petrotech is aimed to provide the country’s knowledge-based companies with a platform to get familiar with each other and with the needs of the industry, the official said.

Earlier this month, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers (SIPIEM) said over 17% of the country’s knowledge-based companies are active in the oil, gas, and petrochemical sectors.

Speaking at another conference on the promotion of knowledge-based companies dubbed "Development of relations with knowledge-based and technological companies”, Ehsan Saqafi said the financial turnover of knowledge-based companies has increased 10 times over the past five years, from IRR 350,000 billion (US$972.2 million) to IRR 3,500,000 billion (US$9.7 billion) at the beginning of the current Iranian calendar year (March 21).

The official noted that more than 40% of the knowledge-based companies active in the oil, gas, and petrochemical sectors are members of the SIPIEM. According to Saqafi, the number of SIPIEM members that have knowledge-based activities has currently reached 231 companies which account for 4% of the country's total number of knowledge-based companies. “These companies are responsible for about 10% of the financial turnover of the country’s all knowledge-based companies,” he added.

Organized by Bandar Imam Petrochemical Company, the "Development of relations with knowledge-based and technological companies" conference was held on Saturday.

In this respect, the Oil Minister Javad Owji has said, “We will increase oil production and reduce the import needs of the oil industry by relying on the power of knowledge-based production”.

“At the Ministry of Oil, we called in five areas so that we could use the potential of knowledge-based companies to increase production. Low-efficiency wells and optimization of fuel consumption in collecting gases, import needs of the ministry, and the chain of petrochemical complementary industries are among these areas”, the minister said in late April.

“During the short time that this government has been established various exhibitions of knowledge-based companies have been held, which I believe that they have a very good potential in both the upstream and downstream sectors”, Owji further reiterated.

“The industry should become knowledge-based; it is possible, and we have started the work in this due”, the oil minister noted. “Also, with our call, very good and capable companies came forward, and the new formats of contracts we have designed will motivate these companies for cooperation”, he added.

The managing director of the National Iranian Oil Company (NIOC), the main subsidiary of Oil Ministry, has also said that the main priority of the oil industry in the present year is increasing oil production relying on the knowledge-based approach.

“With the planning that has been done by using new technologies in the oil industry, we will strengthen the economic front in the oil industry more than before”, Mohsen Khojasteh-Mehr has stressed. Emphasizing that knowledge-based production will be at the forefront of the industry's plans, the official said: "Creating sustainable job opportunities while increasing production will definitely be a basic necessity and strategy that must be considered."

The National Iranian Gas Company (NIGC), the other major subsidiary of Oil Ministry, also plays an important part in materialization of knowledge-based industries. As Majid Chegeni, the managing director of the company, has said, the activity of the gas industry is directly related to the issues of production and employment; because almost all industries in the country are dependent on gas energy, so the role of the NIGC personnel is highlighted in this due.

The National Petrochemical Company (NPC), another main subsidiary of Oil Ministry, is completely familiar with the knowledge-based concept, and plays a significant management and development role in moving in the way of progress through a new and technological view, as stated by the managing director of the company.

In a meeting with the NPC directors and experts, Morteza ShahMirzaei said the concept of knowledge-bases is familiar to the whole large family of petrochemical industry and the units have had very good activities in this field due to their area of responsibility.

“Many equipment and catalysts of the petrochemical industry are being fully domestically-produced relying on the internal technical know-how, and we should eliminate the need to import them due to the existing capacities in the country and relying on our domestic capability”, the official stressed. - Tehran Times