TEHRAN- The French Institute of Petroleum titled Institut Francais du Petrole (IFP) is slated to pen an MOU with Iranian Research Institute of Petroleum Industry on oil, gas, refining, and petrochemical cooperation, the Shana news agency reported on Friday.

According to the report, the two institutes plan to boost cooperation on the issues of increasing production, water management, sweetening natural gas, establishing a joint center for running international specialized courses to provide services to Iran's oil industry and to that of the region, and etc.

The intended contract will be endorsed during the 21st International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2016) which will be held from May 5 to 8 in Tehran.

This is the country’s first oil show in post-sanction era and number of foreign participants has notably increased. As reported, 996 domestic companies and 634 foreign ones from 35 countries, as well as 157 representatives of foreign companies in Iran will take part in the event.

China, South Korea, Turkey, Germany, Spain, Italy, France, Austria and Finland are among the countries that plan to set up their special pavilions in this show, which will be held at Tehran Permanent International Fairground.

HJ/MA