In abscence of the Industrial Minister, the 22nd International Iran oil show kicks off in Tehran

In abscence of the Industrial Minister, the 22nd International Iran oil show kicks off in TehranIn abscence of the Industrial Minister, the 22nd International Iran oil show kicks off in Tehran  ; The 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition, attended by 4500 national and international companies, started in the Iranian capital on Saturday.

In the abscentia of  Mohammad Reza Nemat-Zadeh (the Indutry, Mine and Trade Minister) who has deep poitical and policy disputes with the Petroleum Minister, The Oil, Gas and Petrochemical Exhibition opened at the presence of Parliament Speaker Ali Larijani, Minister of Petroleum Bijan Namdar Zanganeh, several parliamentarians, oil industry authorities, and industry owners in Tehran International Permanent Fairground.

2,500 national and 1,500 international companies are participating in the fair, among which the biggest companies are from China, Germany, Italy, the Netherlands, France, and England.

A number of large international companies including British Petroleum (BP) and France’s Total are sending their representatives too. One US and some Canadian companies are also partaking in the fair.

According to Mohammad Nasseri, director of the fair, some decisions made by the US President Donald Trump, have influenced the participation of some companies, including the Russian Gazprom, causing them to withdrew from the exhibition.

The 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition started today is expected to wrap up on May 9.

Iran International Oil, Gas and Petrochemical Exhibition showcases a wide range of technical and industrial abilities of the Islamic Republic of Iran and other countries worldwide in the area of Oil, Gas and Petrochemicals.

It is the most important oil and gas exhibitions in the Middle East and also among the most significant oil and gas events in the world in terms of the number of participants and its diversity.

The exhibition provides a platform for local and international companies to take advantage of major opportunities in the industry as well as to learn about the developments in the local and global markets.

It is an opportunity for getting information on products and suppliers in a concentrated period of time.

What the Oil Minister says:

Zanganeh made the remarks on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition which opened in Tehran on Saturday.

He added Iran would ink $80 billion worth of oil contracts within the next two years of which $50 billion is spent on financing domestic businesses.

As per Iran’s Sixth Development Plan (beginning March 21, 2017), some $40 billion should be invested in the country’s petrochemical sector, said Zangeneh.

During the past three years, he added, the country has managed to double the capacity of natural gas production in South Pars joint field from 285mcm to 575 mcm.

Over 2,500 Iranian and 1,500 foreign companies from 37 countries are participating in the event.

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In abscence of the Industrial Minister, the 22nd International Iran oil show kicks off in Tehran
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