Oil, Gas Startups Capable of Competing With Foreign Rivals

More than 500 knowledge-based firms are active in oil, gas and petrochemical sectors, of which 50 are capable of competing with foreign brands and their goods and technical services are sold in international markets, the head of the Oil Industry Technology and Innovation Park said.
“There are startups whose products, including catalysts, pieces and parts are sent to Russia and other neighboring states, but due to sanctions-related concerns, names cannot be revealed,” Mohammad Esmaeil Kefayati was also quoted as saying by IRNA.
Thanks to local engineers, Iran is 80% self-sufficient in manufacturing parts and equipment needed by the oil and gas industries, and plans have been made to meet the rest, he added.