More foreign companies at Iran Oil Show indicates failure of sanctions: MP
Spokesman for the Iranian Parliament’s Energy Committee Mostafa Nakhaei noted on Wednesday that the increase in the number of foreign companies participating in the Iran Oil Show 2024 is an indicative of the failure of the sanctions project.
Speaking on the sidelines of the opening ceremony of the event in Tehran, the lawmaker told Shana that the more than twofold increase of foreign companies in this year’s exhibition also shows the growth and dynamism of the industry in Iran.
During the 13th government (since August 2021), the Ministry of Oil has taken many measures to raise oil production and export; the MP stated noting that “However, in the current government, the oil industry faced many sanctions as the enemies tried to create more barriers against the sale of Iranian oil, but they failed.”
He expressed his hope to witness the signing of many contracts at the exhibition, saying that these contracts can lead to the further development of the country’s oil and gas industry.
In addition to 1,500 Iranian firms, a sum of 250 companies from 12 countries have taken part in this year’s exhibition, whose motto is “Petroleum industry, production leap and technological optimization”.