On the sidelines of his visit to the 28th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition (Iran Oil Show 2024) on Friday, Chegeni was briefed on recent achievements of NTBFs in the oil and gas industry.

Visiting the booth of the Iran House of Innovation & Technology (iHiT), the official noted that innovations as well as productions presented this year by NTBFs show that the technology development of these firms is advancing at an acceptable rate as they have made significant advances compared to last year.

“This achievement is a source of pride and hope for the oil industry and especially the gas sector. Therefore, we appreciate all the related officials that took fundamental steps to pass a law on supporting the NTBFs,” he stated.

Chegeni went on to say that the products presented by NTBFs in the exhibition showed that their products have the potential to compete with foreign products, and due to compliance with standards, they can meet many needs of the gas industry.

"Supporting NTBFs is one of our main duties, that's why the NIGC signed a contract for the first-time production valued at $150 million with the Vice-Presidency for Science and Technology to support NTBFs."

The official added that also an equivalent credit of $600 million has been allocated so that the Vice-Presidency for Science and Technology will sign contracts for the first-time production in the field of strategic demands and new technological businesses with qualified NTBFs.

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.