TEHRAN, Iran, May 16. The National Iranian Oil Company (NIOC) is planning to support oil startup companies to develop projects, said the Managing Director of the NIOC Mohsen Khojastemehr, Trend reports.
"The NIOC is assigning part of its resources to support startup companies to complete development of biggest oil fields in Iran," he said in a press conference at the 26th edition of Iran International Oil, Gas, Refining & Petrochemical Exhibition.
He pointed out that the NIOC is reducing project's execution time and using new technologies, equipment and tools.