Javad Owji, who made the remarks in his talks with SHANA during a visit to the newsroom at the venue of Iran Oil Show 2023, called it a “promising development”.

At present, more than 80 percent of oil parts and equipment are supplied by Iranian manufacturers, said the minister, adding Iranian companies will gradually find their way to international markets.

Pointing to Iranian manufacturers’ strong presence in the 27th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition, he recalled that a considerable number of Iranian companies attending the expo 15 years ago were suppliers and brokers, continuing, “But today, most of these companies are manufacturers.”

The four-day Iran Oil Show 2023 kicked off at Tehran International Permanent Fairground Wednesday and ends today.

Some 200 foreign companies from 13 countries have participated in the exhibition.