According to RIPI, cooperation in localization and transfer of new technologies, definition and implementation of joint industrial and research projects required by the oil, gas and petrochemical industry are some of the main topics considered in the MOU.

The parties’ utilization of educational-research facilities available in laboratories and research centers, cooperation in holding training workshops and implementation of new interdisciplinary courses are other provisions of this five-year memorandum.

Jafar Tawfiqi, the RIPI director, said: "The Research Institute of Petroleum Industry (RIPI) is an industrial complex that conducts applied and industrial research. This brings with it technological achievements and is the difference between this organization and other research institutes in the country.”