DMEA: Iran engages more local knowledge-based firms in oil industry with new deals

The Iranian Oil Ministry and the scientific division of the presidential office have signed a string of deals worth $1.1bn with local knowledge-based companies to manufacture equipment needed by the petroleum industry, Shana News Agency reported on May 11.

The contracts were inked on the last day of the 28th Iran Oil Show 2024, which kicked off on May 8 in the capital, Tehran, during a ceremony attended by senior officials, including Oil Minister Javad Owji.