TEHRAN (PEDCO) -- The CEO of Petroiran Development Company Limited (PEDCO) voiced the company’s support for local manufacturers and knowledge-based companies (KBCs) active in the field of upstream oil and gas projects.
Sepehr Sepehri underlined signature of a memorandum of understanding between PEDCO and the National Iranian South Oil Company (NISOC) for using domestically-made multiphase pumps in oil fields, and said: “As one of the country’s major companies operating in the upstream sector of oil, gas and petrochemical industries, PEDCO supports domestic manufacturers as well as KBCs.”
He said: "PEDCO subsidiaries have a mission to develop technology and innovation and finally commercialize the results of research and development projects, which include design and production of goods and services in the field of high technologies (High Tec)."
Sepehri stated: "One of the main goals of this mission is to create a lot of value added through production of software and hardware stuff, as well as goods needed in the field of oil and gas based on novel and up-to-date knowhow."