Speaking on the sidelines of the 28th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition (Iran Oil Show 2024) in Tehran on Thursday, Amir-Houshang Karami said his department can help to increase forex revenues through the export of natural gas and its products, which is often done through private sector.

The department can provide better conditions for the development of investment, employment and promotion of gross domestic product (GDP), the official added.

The export of natural gas to Iraq increased by 15 percent in the Iranian year of 1402, while the related contract was extended for the next five years, Karami stated noting that “It is obvious that in addition to the commercial benefits, it plays an important role in the stability of the country’s energy diplomacy and the strengthening of relations with neighboring and regional countries.”

The presence of the NIGC in the Iran Oil Show 2024, which symbolizes Iran as the second-largest holder of gas reserves in the world, the third producer of natural gas and the most important energy supplier of the country, paves the ground well for international interactions in the field of exporting gas products and condensates as well as techno-engineering services.

In addition to 1,500 Iranian firms, a sum of 250 companies from 12 countries have taken part in Iran Oil Show 2024, 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.

Inaugurated on Wednesday, 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 1230 GMT) until Saturday.