Iran Oil Ministry Supporting Knowledge-Based Firms

The Oil Ministry will support startups and knowledge-based firms in related industries, the Oil Minister said on the weekend.
Visiting the construction site of a new technology park in Shahr-e Rey in south Tehran, Bijan Namdar Zanganeh said: “The Oil Ministry wants to create opportunities for startups and knowledge-based companies so that they can help improve different sectors of the oil industry,” the Oil Ministry news agency Shana reported.
“According to the programs, by the end of the current year (March 2020), the site will be ready for companies interested to work in this field,” he said.
Iran’s oil industry is facing obstacles from last year when the US unilaterally withdrew from the 2015 nuclear deal, signed between Iran and six world powers, and re-imposed economic sanctions, including on the oil, tech, banking and transport sectors.