Young Journalists Club | Latest news of Iran and world

News ID: 4108
Iran » Iran
Publish Date: 10:21 - 07 May 2014
Tehran, YJC. China’s share of the Tehran oil exhibition has doubled while famous companies take leave of absence.

As virtually not internationally renowned oil company has attended this year’s exhibition, the number of Chinese companies on show has doubled, Mehr News Agency reports.

The number of foreign companies attending Iran’s 19th International Oil, Gas, Refinery, and Petrochemicals Exhibition has tripled in comparison to last year to hit 600.

The report goes that 60 foreign brands from 32 countries have made it to the exhibition.

In the meantime, the Anglo-Dutch Shell, British Petroleum, Italy’s Eni S.p.A, Norway’s Statoil ASA, Russia’s Gasprom and Lukoil, Malaysia’s Petronas, Japan’s INPEX Corporation, Brazil’s Petrobras, France’s Total, and Austria’s OMV are the big absents in this exhibition.

Meanwhile, the number of Chinese companies has had a huge increase, especially in the equipment section.

Just a few days ago Iran’s Oil Minister removed the Chinese CNPCI from its South Azadegan field expansion project due to the company’s delay in executing the contract.

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