Oil

Oil ministry is in talks with oil and gas giants for $70 billion worth of development projects.

In February Iraqi reserves increased to 153 billion barrels.

Lukoil is in talks with Iran'.s petroleum ministry and the National Iranian Oil Company (NIOC) for joining projects in the country.

MENA markets remained sluggish in April due to drop in trading liquidity and poor investments from both domestic and international investors.

Given RIPI'.s long history in cooperation with international companies. it is capable of offering quality services with low costs to them.

Iran'.s oil production capacity has crossed 4 million barrels per day.

Over 2.500 Iranian and 1.500 foreign companies from 37 countries are participating in the event.

• The show is being held with 4.000 exhibitors from across the globe running 1.800 pavilions.