Abbas Asadrouz spoke on Friday on the sidelines of the second day of the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025).

Referencing the event’s central theme, “Investment in the Oil Industry Ensures Economic Growth and Development,” he stated that IOTC has prepared practical and executable investment packages across various oil industry sectors to attract domestic and foreign capital.

He noted that in the operational marine fleet sector, three investment packages worth approximately €46 million have been designed under a Build-Operate-Transfer (BOT) model, covering the purchase and operation of tugboats, support barges, and operational vessels.

Asadrouz highlighted that expanding crude oil storage capacity is a key company strategy, adding that the construction of new storage tanks with a total capacity of 4.2 million barrels has been proposed in five packages under BOT and Build-Lease-Transfer (BLT) models. These projects will significantly enhance the country’s export capabilities.

He also mentioned a strategic 50-megawatt power plant project, stating that the plant—requiring an investment of around €50 million under a BOT model—will be completed within two years and operated by the investor for 10 years.

Additionally, Asadrouz announced a pipeline-related project, explaining that the inspection, modernization, and safety enhancement plan for crude oil transmission pipelines, valued at over €286 million, will be executed over three years and operated for 10 years.

The CEO further pointed to the revitalization and expansion of the company’s desalination plant as a key initiative. The project includes rebuilding a reverse osmosis (RO) unit with a capacity of 6,000 cubic meters per day and constructing a new 4,000-cubic-meter unit under a Rehabilitate-Operate-Transfer (ROT) model with a $20 million investment.

Stressing the company’s readiness to collaborate with domestic and foreign investors, Asadrouz underscored that these projects not only offer economic benefits but also enhance safety, resilience, and operational continuity in the oil industry.

The 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025) runs for four days starting May 8 at the Tehran Permanent International Fairgrounds. Visitors can attend the event from 8 a.m. to 3 p.m.