82945
Iran’s Global Competitiveness Index has moved up by seven notches.
Iran’s Global Competitiveness Index has moved up by seven notches.
Monday, March 05, 2018

Competition, Technology Help Drive Oil Industry Development

Officials at global oil giants focus on reducing costs by taking advantage of modern know-how, instead of expecting high oil prices, to gain more revenues
Monday, March 05, 2018

Competition, Technology Help Drive Oil Industry Development

Oil Minister Bijan Namdar Zanganeh underlined on Saturday the importance of competitiveness and research in the oil industry’s development.
“With competition and research, products should be manufactured at lower price and higher quality,” he was also quoted as saying by Shana, the Oil Ministry’s news agency.
Referring to some brands, such as Nokia, that have lagged behind in the global market’s rivalry, Zanganeh noted that “serious and ruthless” competition is the development’s engine.
The latest report by World Economic Forum titled “The Global Competitiveness Report 2017–18” shows Iran’s Global Competitiveness Index has moved up by seven notches.
As a result, the country now ranks 69th out of the 137 countries surveyed. Iran’s rankings in 2014, 2015 and 2016 were 83rd, 74th and 76th respectively.
 

Premium

To continue reading this article log in to your account, or join us now and get a free trial which includes access to this specific story.

You will not be charged for your trial and there is no obligation to purchase.

Create an account or sign in

Short URL : https://goo.gl/aMuYaG
03/05/2018
  1. https://goo.gl/Xf3DcK
  • https://goo.gl/FM6Qz6
  • https://goo.gl/z1K1Vo
  • https://goo.gl/zUUYHd
  • https://goo.gl/fKXFQM

You can also read ...

Oil futures are sliding on expectation of higher Russian and Saudi production.
US President Donald Trump's unilateral decision to withdraw...
1st Platform of Iran's South Pars Phase 22 Installed
In line with plans to boost gas output from South Pars Gas...
Aramco IPO Likely In 2019
Saudi Aramco’s much-hyped initial public offering is “most...
Japan Refiners Undecided on Iran Import
Japanese oil refiners will likely take a few months to decide...
Record Conformity Level in OPEC, Non-OPEC Output Cut
The 24 OPEC and non-OPEC producing countries participating in...
Iranian Crude at $76.6 pb
Iran's crude oil prices continued to advance in the week to...
The Iranian government provides power firms’ with the US dollar  at  42,000 rials.
Iran’s rial devaluation against the US dollar is not expected...

Add new comment

Trending

Googleplus