Tehran will host 1,787 domestic and foreign companies in the 21st International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2016), which will be held from May 5 to 8, said an official with the National Iranian Oil Company (NIOC).
“Some 996 domestic companies and 634 foreign ones from 35 countries, as well as 157 representatives of foreign companies in Iran will take part in the event,” NIOC public relations director Mohammad Nasseri said, hailing the return of prominent international companies to Iran, the IRNA news agency reported on Wednesday.
“This is the country’s first oil show in post-sanction era and number of foreign participants has notably increased,” he underlined.
As he added, China, South Korea, Turkey, Germany, Spain, Italy, France, Austria and Finland are among the countries that plan to set up their special pavilions in this show, which will be held at Tehran Permanent International Fairground.
On February 9, Oil Minister Bijan Namdar Zanganeh said that $200 billion investment is required to develop the country’s oil industry.
“Internal resources are not enough to meet such need, therefore we should attract foreign investment”, the minister noted.
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