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Iran Oil Show 2023 kicks off with high hopes for cooperation

Iran Oil Show 2023 kicks off with high hopes for cooperation
(Wednesday, May 17, 2023) 15:24

TEHRAN - The 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2023) opened on Wednesday at Tehran’s permanent fairground with the participation of more than 200 foreign companies from 13 countries.



The four-day event, which is one of the most significant oil and gas events in the world, showcases the latest achievements and innovations in the energy sector and provides a platform for business networking and cooperation.

The opening ceremony was attended by Iranian Petroleum Minister Javad Owji, Russian Deputy Prime Minister Alexander Novak, and several other high-ranking officials and industry representatives.

Owji said that Iran is ready to cooperate with all countries in the field of energy and to share its experiences and capabilities with them.

He also said that Iran has made great strides in developing its oil and gas industry despite the challenges posed by the U.S. sanctions and the coronavirus pandemic.

He added that Iran is planning to increase its oil production and exports in the near future and to attract more foreign investment and technology to its energy projects.

Novak, who is also the co-chairman of the Iran-Russia Joint Economic Commission, said that Russia is keen to expand its partnership with Iran in various areas of oil, gas, petrochemicals and renewables.

He also praised Iran's achievements in the oil and gas industry and expressed hope that the exhibition would facilitate the exchange of experiences and technologies between the two countries.

Iran, the second-largest OPEC producer, holds 11 percent of the world's oil reserves and 18 percent of the world's gas reserves.

Russia and Iran, both under Western sanctions, are forging closer ties in order to support their economies and to undermine Western pressure which they both cast as unjustified.

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