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Raisi Administration Inks 500 Oil Deals with KBCs

Raisi Administration Inks 500 Oil Deals with KBCs
(Sunday, April 16, 2023) 23:27

TEHRAN (NIPNA) -- The Iranian President Seyyed Ebrahim Raisi proudly announced the sealing of 500 contracts with local knowledge-based companies actively operating in the oil industry.

Addressing a congregation of student organizations on Sunday, the President revealed the exponential increase in the Ministry of Petroleum's cooperation with knowledge-based companies - a five-fold jump from a mere 100 contracts at the start of his office.

It was no secret that increasing collaboration with knowledge-based firms was a priority for the Supreme Leader, but the President acknowledged that not all institutions had fulfilled those expectations.

He stated that the 13th administration had succeeded in meeting the Leader's goals in some areas, such as Agriculture and Petroleum Ministries, where the number of deals had escalated from a hundred to an impressive five hundred.

The President proudly listed some of his administration's accomplishments, which included putting the brakes on the breakneck growth of liquidity and even decreasing it, attaining 4% economic growth after a decade of near-zero progress, fulfilling the promise of creating one million jobs last year, and witnessing significant advancements in the number and volume of activities of knowledge-based production companies.

He also announced that his administration had allocated tens of billions of Tomans for the implementation of essential projects such as rating teachers, equalizing pensioners' salaries, and tariffing nursing services.

Despite the daunting and unprecedented pressures of the enemy, the President deemed these achievements as an integral part of the popular administration's triumphant success.

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