The Forum for Partners in Iran's Marketplace

August 2011, No. 61

Exclusive 16th International Oil Show

The Biggest Oil Event in the Region

Deputy managing director of China's CNLC noted that in view of the high enthusiasm on the part of Chinese companies to take part in Tehran International Exhibition of Oil, Gas and Petrochemicals, the exhibit could be considered the biggest oil industry event in the whole Middle East.

He added that during the past two years, Chinese companies active in upstream and downstream oil projects have been more than willing to be present at Tehran oil show.

The Chinese official also stated that sanctions enforced against Iran by the United States and Europe have not prevented CNLC from cooperating with the Iranian companies and Chinese entities still pursue establishment of friendly relations with the Iranian oil industry.

Deputy managing director of China's CNLC further noted that Iran's rich oil and gas reserves in addition to existing potentials for development of the country's oil and gas industry will promote its position and increase its role in international energy markets.

"Iran is a safe country for investment and there are many opportunities for the expansion of bilateral cooperation between Iranian and Chinese oil companies," he said.

The Chinese official stated that solutions proposed by Iran as chairman of Organization of Petroleum Exporting Countries (OPEC) can have positive consequences for international crude oil markets.

"Iranian oil specialists can exchange technical know-how with foreign companies in order to achieve self-sufficiency in the near future and compete with foreign rivals," he said.


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  August 2011
No. 61