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Oil exhibition kicks off in Tehran

The 15th International Exhibition of Oil, Gas and Petrochemical Industries and Products has been officially inaugurated in Tehran permanent international fairground.

Iran’s First Vice-President Mohammad-Reza Rahimi and Oil Minister Masoud Mirkazemi have attended the opening ceremony of the five-day exhibition considered the biggest in the oil and gas sector in the Middle East and the second largest in the world.

“The exhibition is a clear sign of the failure of a few hegemonic countries that persist with the same illusion about sanctions against Iran,” the manager of the exhibition Hossein Porsan said Thursday, Iran’s SHANA news Agency reported.

In a message to the exhibition, Iran’s Oil Minister Masoud Mirkazemi said Wednesday that a few countries have deprived themselves of investment in Iran’s oil and gas sector as they have ignored Iran’s key position in the energy field.

He also said that the interest shown by hundreds of international firms from across the world to participate in International Exhibition of Oil, Gas and Petrochemical Industries and Products, proves the failure of those countries that have ignored the importance of Iran’s role in the energy sector.

He referred to Iran’s decision to draw $200 billion of investment in oil and gas sector, as a sign of Iran’s national determination, strength and solidity.

Earlier in March, Oil Minister said that the US-led sanctions against Iran have failed as the country has managed to become self-sufficient in oil production and products.

Some 435 domestic and 907 foreign companies from countries such as Spain, England, Italy, Germany, Brazil, China, Denmark, Russia, Japan, Saudi Arabia, France, South Korea, Canada, Mexico, Norway, India, and Vietnam are present in the exhibition.

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