The Forum for Partners in Iran's Marketplace
 
 
 
 
 
 
 
 
 
 
 
     

August 2011, No. 61


Exclusive 16th International Oil Show

Foreign Media Remain
Silent on Tehran Oil Exhibit

International oil majors such as the British Shell, the French Total, Spain's Repsol, Italy's Eni, Malaysia's Petronas, Norway's Statoil, Japan's INPEX, and Russia's Gazprom were present in the exhibition

Iran economic news agency (econews.ir) reported that despite efforts made by foreign media to provide a negative image of the energy exhibition in Iran, overwhelming presence of foreign companies made them keep complete lull or just give relative coverage to this event.

The 16th international oil exhibition in Iran made fun of the Western sanctions. The website reported that hundreds of foreign companies put up active presence in Tehran exhibition of oil, gas and petrochemicals, thus, belittling efforts made by the United States and the West to sanction Iran's oil and gas industry.

International oil majors such as the British Shell, the French Total, Spain's Repsol, Italy's Eni, Malaysia's Petronas, Norway's Statoil, Japan's INPEX, and Russia's Gazprom were present in the exhibition. Western media have announced that many Western companies with open offices in Tehran have avoided the exhibition just to head off possible international penalties.

Some Western international companies have kept their offices in Tehran open, but due to concerns about heavy penalties are not willing to take part in Iran's energy projects.

In fact, they are working with Iran, but on a more limited scale.

Cooperation of certain European companies with Iran has enraged Israeli officials about noncompliance of the European Union with international sanctions. Austrian and German companies are still dealing with Iran and are trying to take part in an international exhibition of oil industries which will be held in Tehran soon.

Widespread presence of Chinese companies, on the other hand, echoed widely in Western media. There were 129 Chinese entities in the 16th international oil, gas, and petrochemicals exhibition. China has, thus far, withstood pressures form the United States and European Union to reduce trade cooperation with Iran.

Chinese companies accounted for about one-third of foreign participants at the 16th international oil, gas, and petrochemicals exhibition and their number had increased 50 percent compared to the previous event.

As Western companies leave Iran, their Chinese counterparts find more maneuvering room to dominate international oil, gas, and petrochemicals exhibition.

 

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  August 2011
No. 61