Speaking on Tuesday at the inauguration of the Well, Reservoir, and Facility Management (WRFM) center, Omid Shakeri said, “The pace of innovation in the oil industry is relatively slow, but we have technological spillovers from other sectors that can be directed toward the oil industry, leading to significant transformations.”

He emphasized the importance of sharing experiences as the industry moves forward, saying “Pasargad Energy Development Company can share its expertise with other E&P companies and the National Iranian Oil Company (NIOC), resulting in increased national wealth.”

The deputy minister underscored the Ministry of Oil’s support for domestic companies, adding, “If support and facilitation are needed, we will assist to ensure Iranian companies continue on their path to maturity, enabling their presence not only domestically but also on the international stage.”