The Forum for Partners in Iran's Marketplace

August 2011, No. 61

Exclusive 16th International Oil Show

Chinese Companies in Tehran Exhibition

The number of foreign companies taking part in this year's international oil and gas exhibition increased by 22 percent compared to last year to hit 496 companies out of a total of 1,550. Despite the sanctions, 64 German companies, 36 Italian companies, 37 British companies, 14 Spanish companies, 15 French companies and 33 companies from South Korea were present.

Considerable presence of Chinese companies at the 16th exhibition of oil, gas, and petrochemicals surprised the Western media.

AFP said in a report that there were 166 Chinese companies in this year's exhibition compared to last year's 100 companies.

In the absence of Western companies which did not take part under pressure of US sanctions, Chinese counterparts filled the void and signed many contracts with the Iranian energy industry.


Subscribe to

  August 2011
No. 61