Alireza Daneshi, the NISOC CEO, considered the natural decline in the annual production by 350,000 barrels of crude oil per day as one of the most important challenges of NISOC, and said: “In this field, we need to cooperate as much as possible with knowledge-based companies.”

Addressing a specialized panel entitled "Introduction of Technological Needs and Challenges" at the first conference and exhibition of management of knowledge-based products in Iran's oil industry on Wednesday, Mr. Daneshi underlined the support of NISOC for knowledge-based compounds in the oil industry of Iran.

“Currently, about 80% of the goods needed by this company are provided by domestic and local manufacturers,” he said.

The NISOC CEO, emphasizing that knowledge-based companies should take action as soon as possible to develop the export of technical and engineering services, added: “The natural drop in annual production by 350,000 barrels of oil per day is one of the most important challenges of NISOC.”

The first conference and exhibition of technology management of knowledge-based products in Iran's oil industry started on Tuesday (December 13) with the reading of the message of Iranian Minister of Petroleum Javad Owji and ended on Thursday, December 15.