Iran aims for €7.5b in oil equipment exports

Head of Iranian Petroleum Industries Equipment Manufacturers Association (known as SIPIEM) said that the set target in exporting sector of the oil industry is to reach 7.5 billion euros within the next two years.
Ehsan Saqafi stated that “currently our exports account for 10% of our capacity, with 710 million euros in exports. According to the set target, we must reach 7.5 billion euros within the next two years,” ILNA reported.
“We are actively pursuing market development beyond borders and have initiated projects in markets outside the region,” Saqafi told a press conference.
He referred to the export of oil industry equipment to Arab countries, neighboring northern countries, and also South America.
He mentioned that in the last 2.5 years, the association’s partnership with the present government has grown, and the government has assisted private firms in addressing issues and obstacles to the best of its capacity, stating his anticipation for further collaboration.
Meanwhile, the 28th International Iran Oil and Gas Expo will be held from May 8 to 11, 2024, at Tehran International Permanent Fairground.
The head of the event, Gholamreza Jamali said 1500 domestic companies and 250 foreign companies will be present in this exhibition, IRNA reported.
Jamali added that 12 countries will participate in the exhibition, including Russia, China, France, Japan, India, Austria, Argentina, and Belarus.
The motto of this year’s exhibition is the oil industry, production leap, technological optimization, the official said.
During the last year’s expo, 150 agreements and contracts were signed.
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