Publish Date: 2015/7/5/
Visited: 2550

Iran Oil Show offers chance for investment

Iran Oil Show offers chance for investment

Mohammad Nasseri told the opening of the 20th International Oil, Gas, Refining and Petrochemical Exhibition in Tehran that the event is indicative of domestic progress in equipment manufacturing.

He said the organizers of the exhibition hope that the grounds would be prepared for further industrial and trade cooperation at both national and international levels, shana.ir reported.

The 20th International Oil, Gas, Refining and Petrochemical Exhibition in Tehran is hosting a large number of foreign participants.

The show started on Wednesday and will run until Saturday.

Some 1,200 Iranian and 600 foreign companies have signed up to showcase their achievements at the exhibition. British, French, German, Italian, Russian and Chinese companies are among them.

Iran hopes the event would attract investment for the development of the massive offshore South Pars gas field, shared with Qatar, and the hydrocarbon fields located in West Karoun region in southwestern Iran.

Iran sits on the world’s 4th largest oil reserves and the second largest gas reserves.

MR/1664

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