Friday, April 15, 2011

Iran Oil Fair – The Chinese Dominating

Iran’s annual oil, gas and petrochemical fair opened today in Tehran, with 166 Chinese companies present, dominating the foreign presence at the event. Major Western energy groups such as Total of France, Norwegian Statoil and OMV of Austria, who have already withdrawn from Iran, made a "symbolic" appearance at the fair.

Iran is OPEC's second-largest oil exporter and produces 3.7 million barrels of crude per day. The country’s oil minister, Massoud Mirkazemi, said today that Iran has oil reserves of around 155 billion barrels and 33 trillion cubic metres of gas reserves [IRNA, 15 April].


Anonymous said...

Interesting that corporations sourced from more politically unreliable countries actually made an appearance.

Anonymous said...

Mr. Uskowi and all readers of this blog.

I highly recommend watching this interview with historian Webster Tarpley. This will be one of the most informative hours of your life. Mr. Tarpley is a genius and gives a brutally honest assessment of US strategy towards Iran and the region.

Or search "Webster Tarpley: The Next Decade"

Anonymous said...

I know that OMV from Austria would like to partner Iran both in Oil and Gas but for the Zionist stranglehold on the country. As prices rocket high and supply diminish many countries will have to weigh nwhat is in their country best intrest!

Anonymous said...

Anon 8:06 PM, can't you see that Tarpley is a CIA plant?

I did think his presentation was rather humours!

Thanks for the laughs!

Kemjika said...

without energy no economy can function. Iran is an energy superpower(even more so when you consider neighbor country's oil that Iran already siphons off, like in Basra)and she can't be ignored. China will wait like a dog for a bulk deal on iran's oil and the US and Britain must be painfully hurt to have a weak presence at events like this. No italians? lol.