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Iran, China set to expand energy co-op
Iranian Oil Minister Massoud Mirkazemi has held a meeting with Chinese Vice Premier Li Keqiang, during which the two countries pledged to expand their cooperation in the energy sector.
Iran is an "important energy supplier" and "one of the most important trade partners of China in western Asia," state broadcaster China Central Television quoted Li as saying after the meeting, which was held in Beijing on Friday, 06 Aug.
"China is willing… to maintain dialogue, communication, and coordination with Iran on major international and regional issues and to protect regional and global peace, stability, and prosperity," Li told Mirkazemi.
“In recent years Beijing has emerged as Iran's main economic partner,” he said, adding that the trade cooperation has been very fruitful.
Last week, China expressed opposition to the European Union's recent decision to impose unilateral sanctions on Iran over its nuclear program.
"The US and the EU have no right to urge China to observe the resolutions they unilaterally made, which went beyond the UN sanctions," Zhang Xiaodong, the deputy chief of the Chinese Association for Middle East Studies, told China Daily earlier this week.
He made the remarks in response to comments by Robert Einhorn, the special adviser for non-proliferation and arms control at the US State Department, who said on Monday that China should observe the sanctions imposed on Iran.
Mirkazemi arrived in Beijing on Thursday seeking new investments in Iran's energy sector, including funding for new refineries.
Iran's ambassador to China, Mehdi Safari, said earlier this week that Iran "welcomes foreign investment in different areas, such as telecommunications, transportation, and energy" by China and other nations.
China, the world's second-greatest consumer of oil after the United States, is the premier importer of Iran's oil. Iran exported more than 9 million tons of oil to China in the first half of 2010.
Iranian Deputy Oil Minister Hossein Noqrehkar Shirazi announced on July 31 that China plans to invest $40 billion in Iran's oil and gas sectors.
According to the Iranian Oil Ministry's website, SHANA, Iran and China have jointly invested up to $15 billion for developing Iranian oil and gas fields, including the Masjed Soleiman, North and South Azadegan, and South Pars fields.
Chinese companies have also been expanding their activities in Iran's oil refinery sector. Last year, China's Sinopec signed a memorandum of understanding with the National Iranian Oil Refining and Distribution Company to invest $6.5 billion for the construction of oil refineries in Iran.
Iran is an "important energy supplier" and "one of the most important trade partners of China in western Asia," state broadcaster China Central Television quoted Li as saying after the meeting, which was held in Beijing on Friday, 06 Aug.
"China is willing… to maintain dialogue, communication, and coordination with Iran on major international and regional issues and to protect regional and global peace, stability, and prosperity," Li told Mirkazemi.
“In recent years Beijing has emerged as Iran's main economic partner,” he said, adding that the trade cooperation has been very fruitful.
Last week, China expressed opposition to the European Union's recent decision to impose unilateral sanctions on Iran over its nuclear program.
"The US and the EU have no right to urge China to observe the resolutions they unilaterally made, which went beyond the UN sanctions," Zhang Xiaodong, the deputy chief of the Chinese Association for Middle East Studies, told China Daily earlier this week.
He made the remarks in response to comments by Robert Einhorn, the special adviser for non-proliferation and arms control at the US State Department, who said on Monday that China should observe the sanctions imposed on Iran.
Mirkazemi arrived in Beijing on Thursday seeking new investments in Iran's energy sector, including funding for new refineries.
Iran's ambassador to China, Mehdi Safari, said earlier this week that Iran "welcomes foreign investment in different areas, such as telecommunications, transportation, and energy" by China and other nations.
China, the world's second-greatest consumer of oil after the United States, is the premier importer of Iran's oil. Iran exported more than 9 million tons of oil to China in the first half of 2010.
Iranian Deputy Oil Minister Hossein Noqrehkar Shirazi announced on July 31 that China plans to invest $40 billion in Iran's oil and gas sectors.
According to the Iranian Oil Ministry's website, SHANA, Iran and China have jointly invested up to $15 billion for developing Iranian oil and gas fields, including the Masjed Soleiman, North and South Azadegan, and South Pars fields.
Chinese companies have also been expanding their activities in Iran's oil refinery sector. Last year, China's Sinopec signed a memorandum of understanding with the National Iranian Oil Refining and Distribution Company to invest $6.5 billion for the construction of oil refineries in Iran.