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Oil Exhibition Good Venue for Prompting Investment

Source: www.gulfoilandgas.com 5/6/2015, Location: Asia

Encouraging people to invest in oil industry and persuading domestic companies to manufacture oil equipment are two key aims of holding the 20th Oil Show that opens tomorrow.

Director of integrated planning at the National Iranian Oil Refining and Distribution Company (NIORDC) Shahaboddin Metaji said the 20th Oil Show could reveal the hidden potentials of the private sector for investment in oil industry.

He went on to say that leading small assets of people towards investment in oil industry projects can play an influential role in economic development of the country as well.

The exhibition can also be helpful in identification of oil industry needs and help manufacturers to get familiar with these needs, he added.

The 20th International Oil, Gas, Refining and Petrochemical Exhibition opens May 6.

The 4-day event has chosen reliance on domestically manufacturing as its motto this year.

Companies from Italy, China, UAE, India, Turkey, Russia, France, Belgium, England, Singapore, Monaco, South Korea, Ukraine, Spain, Austria, Kazakhstan and Switzerland are among the key participants in the exhibition.

More than 1200 Iranian companies and 600 foreign companies from 29 countries have applied for participation in the event.

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