Over 1,500 Companies to Participate in Iran Oil Show 2023
Date
4/26/2023 3:38:50 AM
(MENAFN) The 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, known as Iran Oil Show 2023, is set to take place at the Tehran Permanent International Fairgrounds from May 17-20. More than 1,500 Iranian and foreign companies will participate in the international event, including companies in the upstream oil and gas sectors, exploration and production, as well as domestic manufacturers, knowledge-based companies, startups, and other companies related to the oil industry. Technology parks and universities will also participate in the exhibition, with the theme of "Oil Industry, Technological Production, Optimal Consumption."
Iran's President Ebrahim Raisi has reported that the country's oil and gas sector experienced a growth of nine percent in the past Iranian calendar year, which ended on March 20. The country's oil minister, Javad Oji, has also recently announced that a new record high will be reached in the country's oil export in the current Iranian calendar year. The country's oil export in the previous year was 83 million barrels more than that of the year before, and 190 million barrels more than the export in 1399.
Despite the negative impacts of the US sanctions, Iran has been ramping up its oil production and exports over the past few months. In his remarks in November 2022, President Raisi highlighted the failure of the enemy's policy of maximum pressure, stating that the country's oil export has reached pre-sanction levels. Back in January, the US Energy Information Administration (EIA) in a report put Iran's average oil production in 2022 at 2.54 million bpd, 140,000 bpd more than the previous year. Iran's oil production in 2021 was about 2.4 million bpd.
The Iran Oil Show 2023 is an important event for Iran's oil industry and a platform for companies to showcase their products and services. Despite the challenges posed by the COVID-19 pandemic and international sanctions, the exhibition is expected to attract a large number of participants from around the world. This event is an opportunity for Iranian and foreign companies to network, exchange knowledge, and explore new business opportunities in the oil and gas industry. The theme of this year's event highlights the importance of technology and innovation in the oil industry, and the need for optimal consumption of resources.
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