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Iran, China underline energy cooperation agreements

Beijing, China, June 17, IRNA-Iranian Oil Minister Seyyed Kazem Vaziri-Hamaneh discussed bilateral cooperation in the energy sector with Chinese Minister of the State Development and Reformation Commission Ma Kai in Beijing on Friday.

Minister Kai, in the discussion, said the two countries expressed their political will to develop ties in their political and cultural as well as energy sectors.

He further welcomed enhancement of cooperation in the oil and gas sector and voiced his country's readiness to invest in Iranian oil, gas and petrochemical projects.

Kai futher said he would encourage Chinese companies to increase their participation in Iranian projects.

"The economies of China and Iran are closely tied together," he said, and called for an increase in Tehran-Beijing transactions.

Vaziri-Hamaneh said policies of Iranian political leaders stress expansion of ties with China.

He also expressed Iran's readiness to enter into joint projects with China for energy development.

He vowed his country would continue its cooperation with China as a close ally and to meet China's growing energy demand.

Vaziri-Hamaneh gave the assurance he would follow up execution of agreements concluded between Chinese firms and Iranian companies.

The two sides reiterated their confidence in their countries' high capability in the energy sector, and called for speedy implementation of agreements concluded in the near future.

Oil Minister Vaziri-Hamaneh and Foreign Minister Manouchehr Mottaki were in the delegation of President Mahmoud Ahmadinejad who recently concluded a three-day visit to China to attend the 6th summit of the Shanghai Cooperation Organization.

Iran is an observer member of the organization.

... Payvand News - 6/17/06 ... --

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