Iran, China to Cement Cooperation

From FARSNews:

“Along with our negotiations with SINOC Group, we are also negotiating with some other domestic and foreign groups about the North Pars gas field project,” Ali Vakili explained according to MNA.

Iranian and Chinese companies hope to start to sell the gas from the North Pars gas field in Asian and European markets soon.

Actually, China’s rapid economic growth is proceeding in tandem with its growing energy needs, which are placing enormous pressure on world energy prices and fuelling a fierce global competition for energy resources.

China imports half of its oil from the Middle East and is interested in promoting political stability in the region. Beijing rejects Washington’s policies that exacerbate insecurity.


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