Thursday 9 April 2015

Iran eyes Chinese oil firms to get projects going | GulfNews.com

Iran eyes Chinese oil firms to get projects going | GulfNews.com:



"Iran hopes to resolve differences with Chinese energy companies on oil and gas projects in the Islamic republic, as Tehran wants to be ready to raise output quickly after a potential lifting of sanctions this year, Iranian oil officials said on Wednesday.



The officials are in China this week to discuss Chinese investments in oil and gas developments in Iran, as well as oil sales, just days after world powers and the Opec member reached a framework nuclear deal. The talks come ahead of a visit to Beijing by Iranian Oil Minister Bijan Zanganeh, his first since assuming his post two years ago.



Iran, the world’s fifth-largest oil producer, hopes to nearly double its exports from just over 1 million barrels per day (bpd) in two months once sanctions are lifted, although analysts say it will take longer."



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