Sunday, April 19, 2009

Oil: Iran and China to extend oil, gas cooperation

Xinhua reports Iran intends to extending energy cooperation with China, according to Parviz Davoodi, first vice president of Iran.

With regard to huge oil and gas resources in Iran and Iran's huge interests into downstream industries, the country sees the road "completely open for the gas and oil relations with China, " Davoodi said at a press conference at the ongoing Boao Forum for Asia Annual Conference 2009 in south China's Hainan Province.

"We consider Iran as one of the most stable countries in the Middle East to provide necessary energy source for China," he said.

Davoodi also said Chinese investors could get into the area (of the privatization of Iran's industry) and get in big industries including oil and gas.
Published by Mike Hitchen, Mike Hitchen Consulting
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