According to IOOC, Hamid Bovard, during a visit to Fan Nirou Knowledge-based Company, said: “The efforts of me and my colleagues at IOOC are focused on turning this company into a major workshop and covering domestic manufacturers so that all the domestic potentialities can be exploited where needed.”

He also called on private companies to join state organizations in order to maximize their efficiency.

Mr. Bovard further said IOOC was ready to form joint groups with domestic manufacturers, adding given the fact that the reservoirs operated by IOOC were in their second half life, new research projects needed to be carried out to separate oil from water in the produced oil.