Total oil and Gas company Total Oil Company Chief in Iran Bernard Sudreau here on Sunday expressed his company’s readiness to participate in Iran’s oil projects. He reiterated that Total attaches great importance to participation and investment in various oil projects in the Islamic Republic of Iran.
Expressing his satisfaction with the participation of his company in the ongoing oil event in Tehran, Sudreau criticized West’s economic sanctions on Iran.
Referring to Iran’s position in the world with respect to its great oil and gas resources, he stressed that despite all economic sanctions against the Islamic Republic, Total company is willing to have active participation and make investments in the country’s oil projects.
He emphasized that such sanctions against Iran have had many negative impacts on the world economy.

The 16th Oil, Gas, Refining and Petrochemicals Exhibition is currently underway in Tehran with participation of 1,550 domestic and foreign companies from 40 world countries.
The number of foreign companies taking part in the event shows a 35 percent growth compared to the last year\'s exhibition.
The exhibition opened in Tehran on April 15 and will continue until April 19.