artificial intelligence
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AI push speeds up Iran’s oil exploration
SHANA (Tehran) – The CEO of National Iranian Oil Company emphasized the need to adopt advanced technologies in exploration operations, saying artificial intelligence can significantly improve the accuracy and speed of seismic data analysis while reducing operational costs.
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Generative AI: A new path to value creation in petchem industry
SHANA (Tehran) – The head of information systems and digital transformation at the National Petrochemical Company (NPC) highlighted the need to integrate artificial intelligence into the petrochemical industry, saying generative AI can help design, evaluate and execute production scenarios and goals simultaneously, while also supporting marketing and new product development.
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AI and Its Impact on the Energy Sector
Artificial Intelligence has emerged as an important technology that is transforming the energy sector in a way probably never been experienced before. Innovations in AI are taking place quite rapidly, and new horizons and changes are virtually on a daily basis. AI was earlier thought to have much to do with the renewable sources of energy, but in recent times, it is increasingly penetrating the conventional energy sector as well.
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Iranian AI for global oil industry
SHANA (Tehran) – Pasargad Energy Development Company (PEDC) has leveraged artificial intelligence to launch a localized platform for integrated well, reservoir, and surface facility management, as well as the oil industry’s first upstream AI assistant (UIA) based on large language models (LLMs). These innovations have significantly reduced search times and streamlined experts’ access to technical knowledge.
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Tax incentives for AI development in petchem industry
SHANA (Tehran) – The advisor to the CEO of the National Petrochemical Company (NPC) announced efforts to create a data lake to leverage artificial intelligence capabilities in the petrochemical industry, adding that tax incentives have been proposed to accelerate the process.