Nasrollah Zarei, speaking ahead of the 29th International Oil, Gas, Refining, and Petrochemical Exhibition, said: “Aligned with this year’s exhibition theme, ‘Investment in the Oil Industry: A Guarantee for Economic Growth and Development,’ our company, as the development arm of the National Iranian Oil Company, has consistently worked to attract domestic and foreign investments, playing a key role in advancing development projects and boosting the country’s economy.”

Highlighting the oil industry’s significance in the national economy, he added: “Attracting investment in major oil projects not only increases production and optimizes resource utilization but also fosters technological advancement, job creation and strengthens economic infrastructure.”

The CEO pointed to the achievements of the company’s collaborations with domestic and international investors, stating: “Through partnerships with reputable local and foreign firms, numerous projects have been executed with a focus on safety, quality and timely delivery. These collaborations have facilitated technology transfer and efficient utilization of the country’s oil resources.”

Zarei continued: “In recent years, the company’s focus on attracting new investments and leveraging cutting-edge technologies has led to the completion of major projects, significantly boosting production and national revenue.”

Concluding his remarks, he highlighted opportunities at the upcoming exhibition, saying: “The oil exhibition is an ideal platform to showcase the industry’s development potential and attract investors. Relying on its expertise and technical capabilities, the Oil Engineering and Development Company aims to introduce innovative solutions for the sustainable growth of Iran’s oil industry.”