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09/06/2016

PAUL WURTH AT IRAN OIL SHOW 2016

Paul Wurth at Iran Oil Show 2016

Being the second largest OPEC producer, Iran hosts every year an international oil, gas, refining and petrochemical exhibition, which is among the most significant oil and gas events in the world in terms of number of participants and diversity. This annual exhibition attracted around 900 international firms in Tehran for four days of showcasing, talking and cutting deals. Hundreds of European companies as well as a very strong Chinese presence demonstrated how keen technology suppliers are on exploring new opportunities for cooperation and investment in Iran’s resurging energy market.

From 5 – 8 May, the Paul Wurth Oil & Gas Division participated in this “Iran Oil Show 2016” in Tehran to introduce the new Paul Wurth market segment - specialised valve solutions for oil & gas downstream processes - to this region. Due to the long-lasting sanctions there is a huge demand also on new and serviced/repaired equipment like special process valves for this industrial sector. For Paul Wurth as a newcomer in this business field it was observable and consequentially helpful that SMS group is very well known and recognised in this country as a reliable business partner since many years. The major challenge in the near future will be the financing of projects in Iran, as the banking system is not yet up and running, and to find the correct partners for local supplies and service activities.

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PAUL WURTH S.A.

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