Iran�s Oil Minister Javad Owji on Monday announced that his ministry will launch more than 40 projects worth $30 billion by yearend.

The minister, who made the remarks on the sidelines of the last day of the 26th International Oil, Gas, Refining and Petrochemical Exhibition, told reporters, �We will mainly rely on domestic companies for supplying equipment for the projects.�

He described the exhibition, aka Iran Oil Show, as one of the largest and most prestigious oil and gas events in the world and continued, �More than 1,200 domestic and foreign companies have participated in the exhibition this year.�

A great number of contracts and memorandums of understanding (MoUs) have been signed on the sidelines of the�exhibition, said Owji and added that this year�s Iran Oil Show got a greater welcome compared to the previous editions.

 

 

By MEHR�