News ID: 279869
Published: 0342 GMT January 24, 2021

Iran neutralizes US sanctions on oil, gas, petchem industries: Jahangiri

Iran neutralizes US sanctions on oil, gas, petchem industries: Jahangiri

Iran’s Vice President Es'haq Jahangiri said on Sunday that the Iranian oil, gas, and petrochemical industries have neutralized the US sanctions as the Ministry of Oil increased export of oil and oil products fourfold and break the records.

Speaking on the sidelines of the 25th International Oil, Gas, Refining and Petrochemical Exhibition (January 22-25), Jahangiri said coronavirus epidemic has kept people away from exhibitions, IRNA reported.

He said it is enough for those who think about the future of the Iran’s development and progress to visit the exhibition.

After the sanctions were imposed, Iran lost $100 billion of its revenues, but the Ministry of Oil bravely broke the recession in oil export.

Saying that Iran has one of the biggest oil and gas resources in the world, he added Iran will before long own licenses produced by Iranian scientists and engineers, some products of which are limited to certain companies in the world.

Manufacturing compressors and turbines is an honor for the country, he said. “No one thought that a country can implement such huge projects while under the most severe sanctions.”

This year’s expo is themed under the banner of "National Oil, Iranian Goods and Services."

The four-day 25th Iran International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show) begun in Tehran of Friday.

Ranked among the top in the industry in terms of variety and audience, Iran Oil Show showcases the country’s latest achievements and announces future plans.

According to Majid Boujarzadeh, the director of the Iran Oil Show, this round of the exhibition is focused on domestic production.

Due to the special circumstances caused by the pandemic, only a selected few managers, businessmen, scholars, and experts are allowed to visit the exhibition.

Covering a wide range of areas in the oil and gas sector, the international event has it all for enterprises, experts and even end-users. The exhibition pavilions are communication hubs for representatives of universities, science centers, technology parks and companies from upstream industries, all down the spectrum to downstream operations.


 

   
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