National Iranian Oil Company (NIOC) has introduced a new evaluation and ranking framework to facilitate the participation of knowledge-based companies in the oil industry's supply chain.
Under the new guidelines, eligible companies will be assessed against 16 technical, managerial, financial and operational criteria. They will receive incentive coefficients of 1.2 (120%), rising to 1.5 (150%) for qualifying companies based in designated science and technology parks and special zones.
The initiative also aims to facilitate the commercialization of first-time manufactured products. Companies whose products receive final user approval may qualify for registration in NIOC's Approved Vendor List (AVL) for the relevant products.
The program is intended to promote domestic manufacturing, technology development, import substitution and reduced foreign currency outflows, while strengthening the participation of local technology companies in oil industry projects.