Major companies expanding presence in Iran’s oil sector

06/05/2016 (Teheran Times): TEHRAN- Renowned international companies from 38 countries across the globe are participating in the 21st International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2016), which is being held at Tehran Permanent International Fairground from May 5 to 8.On the sidelines of the oil show and in their meetings with Iranian senior officials, representatives of the foreign companies have sought avenues to have a share in Iranian lucrative oil sector via making joint venture and signing MOUs. ‘BP to open representative office in Iran’British Petroleum (BP), one of the world’s seven giant oil and gas companies, has voiced readiness to invest in Iranian projects, Deputy Oil Minister as well as Managing Director of National Iranian Oil Company (NIOC) Rokneddin Javadi said after his meeting with the British company’s representative in Tehran.As Shana news agency quoted Javadi on Friday, BP seeks new gateways of cooperation and is aimed at transferring data and knowledge to the Islamic Republic.Iranian, Italian companies endorse industrial MOUSociety of Iranian Petroleum Industry Equipment Manufacturers hammered out a memorandum of understanding (MOU) on industrial cooperation with Italian Valves and Taps Constructor Association on the sidelines of the said oil show…




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