Owji: Ministry of Petroleum to Launch Over 40 New Projects Worth $30bn This Year

TEHRAN (Shana) – Iran’s Minister of Petroleum Javad Owji here on Monday announced that his ministry will launch more than 40 projects worth $30 billion this year.

The minister, who made the remarks on the sidelines of the last day of the 26th International Oil, Gas, Refining and Petrochemical Exhibition, told reporters, “We will mainly rely on domestic companies for supplying equipment for the projects.”

He described the exhibition, aka Iran Oil Show, as one of the largest and most prestigious oil and gas events in the world and continued, “More than 1,200 domestic and foreign companies have participated in the exhibition this year.”

A great number of contracts and memorandums of understanding (MoUs) have been signed on the sidelines of the 26th International Oil, Gas, Refining and Petrochemical Exhibition, said Owji and added that this year’s Iran Oil Show got a greater welcome compared to the previous editions.

Touching upon the export of technical and engineering services underlined by President Seyyed Ebrahim Raisi during his visit to the exhibition today, the minister said the Iranian manufacturers and knowledge-based companies have made great progress in recent years, enabling the country to take big strides toward exporting services.

News Code 457051

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