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40 New Projects worth $30b to Be Launched by March 2023

40 New Projects worth $30b to Be Launched by March 2023
(Monday, May 16, 2022) 21:35

TEHRAN (NIPNA) -- "This year, the Ministry of Petroleum will launch more than 40 new projects worth $30 billion, and our main reliance on equipment for these projects is domestic companies," Iranian Minister of Petroleum Javad Owji said.

Speaking on Monday, May 16, on the sidelines of the 26th Iran International Oil, Gas, Refining and Petrochemical Exhibition, Javad Owji told reporters that the showcase is one of the largest and most prestigious oil and gas events in the world with 1,200 domestic and foreign companies participating in the event.

He said: "On the sidelines of the 26th Iran Oil Show, which was much more enthusiastic than in previous years, many contracts and agreements were signed."

Referring to the President's remarks on the export of technical and engineering services during his visit to the 4-day fair on its last day, the Minister of Petroleum said: “Iranian manufacturers and knowledge-based companies have become very powerful over the years, so they must take big steps to export their services.”

Emphasizing that energy diplomacy has been very active under the 13th administration, especially in the Latin American countries, Owji added: "This year, the Ministry of Petroleum will launch more than 40 new projects worth $30 billion and our main support for equipping these projects are domestic companies.”

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