Iran Press/ Iran News: Speaking on the sidelines of the 26th International Oil, Gas, Refining and Petrochemical Exhibition, Morteza Shahmirzaei said: “The oil industry and particularly the petrochemical industry, as a dynamic industry and driving force of the country’s economy, are the symbols of this year’s motto 'Production: Knowledge-Based and Job-Creating' designated by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei."
The NPC head added that the petrochemical industry is producing gas and liquid feeds in an effort to complete the value chain and prevent the sales of raw materials.
Shifting to the strong presence of knowledge-based companies alongside petrochemical holdings in this year’s exhibition dubbed Iran Oil Show 2022, Shahmirzaei continued, “The exhibition provides investors and knowledge-based companies with a golden opportunity to promote their cooperation and complete the value chain.”
The estimates, he said, indicate that the global demand for petrochemical products will rise by nearly 4.5 percent annually while the demand for oil products is on the wane.
Putting the demand of the market into consideration, the NPC CEO concluded that Iran is required to change tack and move toward developing the petrochemical industry and creating the added value.
Shahmirzaei expressed his satisfaction with the desirable development of the petrochemical industry and predicted, “Based on the plans, the annual production capacity of the country’s petrochemical industry will soar to 200 million tons within the next 10 years from the current 90 million tons and play a key role in generating hard currency amid the sanctions.”
Iran’s Minister of Petroleum Javad Owji is convinced that the country can increase its oil and gas production in the current year by using knowledge-based companies.
“Today, we are witnessing the presence of Iranian knowledge-based firms that have put their latest products on display,” said the minister after the exhibition kicked off.
He underlined that knowledge-based firms and highly skilled experts have the capacity to greatly help the oil and gas sectors boost their production in hydrocarbon fields.
“We have to pay special attention to knowledge-based firms and develop their activities in the oil industry,” he stressed.
The 26th International Oil, Gas, Refining and Petrochemical Exhibition, with the motto of Knowledge-based oil industry, Iranian production, kicked off during an opening ceremony at Tehran’s Permanent Fairground on Friday and will run through Monday, May 16.
The four-day exhibition host 1,200 Iranian and 44 foreign companies or their agents.
Apart from domestic participants representing Iran, foreign companies are from Italy, Spain, the United Arab Emirates, South Korea, Switzerland, Germany, Ukraine, South Africa, and Belgium.
The companies and other participants are showcasing their latest achievements and products in 908 pavilions, of which 815 are the stands for companies, 23 for universities and scientific and research centers, and 70 for knowledge-based firms startup industrial parks.
In addition, 27 expert-level sessions revolving around the topics of “knowledge-based firms, energy policymaking, future of gas market, new means for financial supply, and other main issues in the oil industry” will be held.
Eight of the expert-level sessions will shed light on the oil industry’s needs in upstream and downstream sectors, calling for the participating knowledge-based firms to help meet them.
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