Speaking at the ceremony to sign 16 contacts to construct equipment for first time in Iran and two agreements on technological cooperation, Omid Shakeri described them as significant steps toward self-sufficiency and innovation development of oil industry.

The agreements were inked on the sidelines of the 29th Iran International Oil, Gas and Petrochemical Exhibition, also known as Iran Oil Show 2025, which kicked off on Thursday, May 8 at Tehran International Permanent Fairground.

“We will leverage legal and technical capacity of oil ministry. We have already begun it and will keep doing it with determination, he said while talking about the current legal capacity and oil ministry’s support for localizing technology.

He also highlighted the participation of Iranian companies in these projects, stating, “We are on the right track and we hope this marks the beginning of a major leap in utilizing national capacity and indigenizing strategic equipment of oil industry.”

Deputy oil minister also acknowledged the efforts made by experts and technology companies, saying, “We need to pursue this historic opportunity to establish new standards for oil industry.”

He concluded, “By next year, we hope to return here and unveil locally manufactured products and equipment developed under these agreements.”

Iran Oil Show 2025 will wrap up on Sunday, May 11.