Startups Capable of Curbing Losses Inflicted by Corrosion on Oil Sector

Local startups are capable of reducing the effects of corrosion in the oil industry by at least 20% over the next five years, the head of the Oil Industry Technology and Innovation Park said.
“The annual losses inflicted by corrosion on the oil sector in Iran is estimated at $20 billion and domestic knowledge-based firms can help lessen the massive loss,” Mohammad Esmaeil Kefayati was also quoted as saying by the Oil Ministry’s news service.
Close to 50 startups are ready and willing to collaborate with the National Iranian Oil Company to carry out corrosion control operations not only in refineries but also in hydrocarbon fields, he added.