Tehran (IP) - More than 200 foreign companies from 13 countries will participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, aka Iran Oil Show 2023, the Ministry of Petroleum’s public relations director announced here on Saturday.

Iran PressIran news: Speaking in a press conference, Ali Forouzandeh, named Russia, China, Germany, Austria, Italy, France, and India as some of the participating countries, adding some 1,500 domestic companies are also taking part in the upcoming exhibition.

"The number of foreign companies attending this year’s exhibition has grown 100 percent, as the number of domestic participants shows a 35 percent increase," said the spokesman.

"It was not possible to admit all applicants’ requests for taking part in Iran Oil Show 2023," Forouzandeh continued.

Iranian and Russian companies will hold business-to-business (B2B) meetings a day before the exhibition’s kickoff with the aim of familiarizing the country’s private sector with the allied states.

About 100 Russian and 200 Iranian companies have registered for such meetings and are scheduled to hold bilateral and multilateral talks on their deals, including the purchase of products and the transfer of technologies.

According to the Secretariat of the Iran-Russia Joint Economic Commission, the two sides' delegations comprising four working groups for trading oil, gas, and petrochemical products, investment and export of technical and engineering services, manufacture, supply, and repair of oil equipment and technological and knowledge-based cooperation will exchange views on boosting bilateral trade ties.

The meetings are aimed at familiarizing the Iranian and Russian delegations with each other’s regulations, incentives for investment in Iran, and investment opportunities in its oil, gas, and petrochemical industries.

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