The petroleum minister said in his message that realization of the development goals of the Islamic Republic of Iran demands using and relying on domestic abilities from one hand and expanding economic, industrial, commercial and cultural relations with independent countries of the world from the other hand.

The text message says the government decision to invest more than 200 billion dollars in oil and gas sector over the fifth five year development plan (2010-2015) reflects the national determination to achieve the great goals of the oil industry and presence of hundreds of oil related companies from around the world in the 15th international oil exhibition represents the failure of a few number of countries, which by neglecting pivotal role of the Islamic Republic of Iran in the world energy arena, in fact have sanctioned themselves.

Iranian petroleum minister had said earlier that US led sanctions have failed remarking the country faces no problem to meet oil products and the Islamic Republic of Iran will be an oil products exporting country in the near future.

Companies from 30 foreign countries have participated in the 15th  International Oil Exhibition in Tehran.

There has been a 10 percent increase in the number of foreign firms attending the show and 929 Iranian companies have registered to attend the event.

Representatives from Austria, Spain, Ukraine, the UAE, the UK, Italy, Germany, Brazil, Belgium, Taiwan, Thailand, the Czech Republic, China, Russia, Denmark, Romania, Japan, Singapore, Sweden, Switzerland, Saudi Arabia, Oman France, Finland, South Korea, Mexico, Norway, Holland, India and Malaysia will be in the show.

The exhibition holds from April 22 to 26 at Tehran Permanent International Fairground.