Peripheral Revision

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Iran expanding international trade relations despite western sanctions

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More foreign firms attend Iran’s oil show despite sanctions

Xinhua, April 17, 2011

The manager of Iran’s 16th international oil and gas exhibition Hossein Porsan said the number of foreign companies attending the show has increased compared to previous shows despite western sanctions, the local satellite Press TV reported Sunday.

The number of foreign participants has risen by 35 percent compared to last year’s exhibition, Porsan said, noting that 495 foreign firms from over 40 countries are attending the event.

“Despite the sanctions imposed on Iran’s nuclear energy program, Germany is participating in the fair with 64 companies, Italy with 36, Britain with 37, Spain with 14, France with 15, and South Korea with 33 companies,” Porsan was quoted as saying.

A number of major energy groups, such as France’s Total, Norway ‘s Statoil and Austria’s OMV, also have pavilions at the show, he said.

The 16th Oil, Gas, Refining and Petrochemicals Exhibition opened in Tehran on Friday till April 19, with companies from Asia, Latin America, North America and Europe displaying their latest achievements in refinery and petrochemical products.

Chinese firms make prominent showing at Iran oil exhibition

AFP, April 15, 2011

“This year, 166 Chinese companies are present at the fair compared to 100 companies last year,” a senior oil ministry official said.


In recent years, Chinese companies have claimed many contracts since Western firms exited Iran before the sanctions were imposed on Tehran over its nuclear programme.

“The strong participation of foreign companies is a response to the illusion of (Western) sanctions,” quipped the oil official.

Read the full article here

Written by peripheralrevision

04/17/2011 at 12:32 pm

Posted in China, Iran

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