The 20th International Iran Oil, Gas, Refining and Petrochemical Exhibition is an opportunity to attract significant investments in the Iran Fara Bourse (IFB) market, given that close to 43 percent of IFB's overall trade volume belongs to oil and gas companies, refineries and petrochemical complexes, head of the IFB public relations said, Fars News Agency reported on Wednesday.
Mobina Bani-Assadi underlined the 'Iran Oil Show 2015' as the biggest annual event for the oil industry in the Middle East and said, "Attracting domestic and foreign investments and boosting production capacity are the major goals of the Iran Oil Expo."
Established in 2009, IFB is engaged in financing manufacturing and service companies by easing the process of listing of different securities. In order to provide more facilities for smaller industrial firms, IFB offers an easier listing process in comparison to the Tehran Stock Exchange.
Establishment of the IFB was part of measures aimed at developing capital market in Iran and diversifying financial instruments traded in the security market.
Close to 1,200 domestic as well as 600 foreign firms are participating in the four-day event, namely from Russia, China, Italy, Germany, France, the UK and the UAE, while trade delegations from Norway and Poland are also planned to attend the expo.
The exhibition started in the Tehran Permanent Fairgrounds on Wednesday and will run until May 9.
