Open AccessRole of Scientific Research in Improving Operational Performance and Profitability in the Oil Industry
Author(s) -
Mohammed BR
Publication year - 2022
Publication title -
petroleum and petrochemical engineering journal
Language(s) - English
Resource type - Journals
ISSN - 2578-4846
DOI - 10.23880/ppej-16000293
Subject(s) - prosperity , profitability index , competition (biology) , developing country , business , petroleum industry , industrial organization , economics , economic growth , engineering , finance , ecology , environmental engineering , biology
R & D activity has played an active and rapid role in the prosperity of the developed countries and some developing countries whose economies we have been revitalized to adopt the ideas of knowledge development in their national policy. Scientific research and innovation is a path to economic growth and a driving force in creating competition among the countries’ economies, and in particular in the oil industry.