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3rd PetroTech Conference: Technology in Oil Industry, National Wealth Enhancement

3rd PetroTech Conference: Technology in Oil Industry, National Wealth Enhancement
(Monday, February 17, 2025) 10:13

TEHRAN (NIPNA) – The third PetroTech conference, scheduled for February 23 and 24, will focus on technological advancements in the oil industry and its contribution to increasing national wealth. The event will emphasize collaboration between the oil industry and knowledge-based companies to foster innovation and development in the sector.

Omid Shakari, Deputy Minister of Petroleum for Engineering, Research, and Technology, highlighted the importance of the event in his remarks during a press conference. The conference will feature specialized sessions, an exhibition, and major contracts to support technological progress and innovation.

“The primary goals of the conference are to promote technology development in the oil industry and support private sector participation and knowledge-based companies,” Shakari said.

The event is organized with the involvement of the Ministry of Petroleum’s engineering sector, four key subsidiary companies, and various institutions in the innovation ecosystem, including the Oil Industry Research Institute, the Oil Industry University, and the Research and Technology Fund.

More than 40 knowledge-based companies will showcase their achievements at the exhibition, focusing on private sector support.

Shakari revealed that six contracts worth 760 billion tomans and 29 million euros will be signed during the event, primarily focusing on localizing key oil industry equipment. Additionally, nine new products, the first of their kind in the industry, will be unveiled.

Shakari also pointed out that 15 specialized sessions will cover various oil industry topics such as upstream, gas, refining and distribution, petrochemicals, and related issues.

The event will include workshops on topics such as “Hydrogen as a Clean Fuel,” “The Application of Artificial Intelligence in the Oil Industry,” and “Measuring and Validating Carbon Emission Levels.”

Notably, for the first time, the conference will present technology development stories from national oil industry projects, including the “Goreh to Jask crude oil transfer” and the “Azar Oilfield Development,” showcasing how key technologies have been implemented in these projects.

In addition to focusing on technology and innovation, the conference will also address the importance of collecting flare gases, a critical issue in the oil industry, with private sector involvement and significant investment required for successful implementation.

Shakari emphasized that the number of knowledge-based companies in the Ministry of Petroleum’s list has tripled over the past three years, reaching 676 companies.

The event will also feature specialized sessions on innovative financial mechanisms and tools to support knowledge-based companies, including issuing guarantees, securing product purchases, and ensuring timely payments for contracts.


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