Tougher Sanctions Call for
More Cooperation and Interaction
International Exhibition of Oil, Gas, Refining and Petrochemicals opened in
Tehran at a time that according to Hossein Porsan, manager of the exhibition,
this is the first year that oil and gas companies from the United States and
Canada were participating.
He added that a total of
1,550 domestic and foreign companies took part in the 16th
International Exhibition of Oil, Gas, Refining and Petrochemicals, showing
more that 20 percent growth compared to last year's event.
The official stated that the
number of foreign companies is 35 percent higher than last year which is both
a record and a sign that Western sanctions against Iran have failed.
This is the first year that oil and gas companies from the United States
and Canada were participating.
Massoud Mirkazemi, the then Iranian
minister of petroleum who attended the inaugural ceremony of the exhibition,
stated that the exhibition could be a unique opportunity for cooperation
between powerful Iranian companies and their international counterparts on the
basis of fair cooperation.
He added that demand for oil
and gas is sure to increase and Iran's strategic position as holder of the
world's second biggest oil and gas reserves is a very important economic
advantage in the country. "To avail ourselves of this advantage, we should be
actively present in international bodies and developments."
Mirkazemi said achieving goals of
the Fifth Economic Development Plan for the attraction of 150 billion dollars
in foreign investment in upstream oil and gas activities, attraction of
foreign investments in line with the country's national interests, speeding up
development of remaining phases of South Pars gas field, increasing
cooperation with friendly countries, giving priority to development of shared
fields, and making the most of domestic manufacturing capacities for active
presence at international level were major steps to be taken by Iran's oil and
The first congress on the
outlooks of Iran's oil industry in 2025 was also inaugurated on the sidelines
of the 16th International Exhibition of Oil, Gas, Refining and
Petrochemicals in presence of the Speaker of Parliament (Islamic Consultative
Assembly), Ali Larijani.
The congress aims to review
the best mechanisms for bringing economic jihad to Iran's oil industry.
Addressing the inaugural of
the congress, Ali Larijani noted that despite scientific advances, fossil
fuels still accounted for 70 percent of the world's energy resources.
He added that energy
transactions were not ordinary exchanges, but strategic ones which entailed
strategic costs. "Therefore, we have specified in the contents of the Fifth
Economic Development Plan Act that the government should come up with a
strategic plan for the sector in a matter of six months."
The parliament speaker also
stated that a new model of behavior should be formulated on the basis of fair
trade between buyer and seller.
Larijani noted that Iran's new year Budget Act pursued the same goal in order
to help the country achieve the Fifth Economic Development Plan's goals
through cooperation between Ministry of Petroleum and parliament's Energy