More Foreign Companies at Iran Oil Show Indicates Failure of Sanctions Project: MP

SHANA (Tehran) -- Spokesman for the Iranian Parliament's Energy Committee Mostafa Nakhaei noted on Wednesday that the increase in the number of foreign companies participating in the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2024) is an indicative of the failure of the sanctions project.

Speaking on the sidelines of the opening ceremony of the event in Tehran, the lawmaker told Shana that the more than twofold increase of foreign companies in this year's exhibition also shows the growth and dynamism of the industry in Iran.

During the 13th government (since August 2021), the Ministry of Oil has taken many measures to raise oil production and export; the MP stated noting that “However, in the current government, the oil industry faced many sanctions as the enemies tried to create more barriers against the sale of Iranian oil, but they failed.”

He expressed his hope to witness the signing of many contracts at the exhibition, saying that these contracts can lead to the further development of the country's oil and gas industry.

In addition to 1,500 Iranian firms, a sum of 250 companies from 12 countries have taken part in this year’s ‎exhibition, whose motto is “Petroleum industry, production leap and technological optimization”.‎

Participants from the upstream, intermediate and downstream sectors of the oil industry, along with associations and unions of oil industry equipment manufacturers, first-time producers NTBFs are showcasing their achievements in the Iran Oil Show 2024, which is the most important Iranian event related to the oil industry.

The exhibition will be open to visitors at the Tehran International Permanent Fairground every day from 9:00 a.m. to 4:00 p.m. (0530 to 1330 GMT) until Saturday. ‎

News ID 641105


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