StatoilHydro, China Court Iran For Long-Term Projects

While China has expressed an interest in adding new investments in Iran's profitable gas sector, StatoilHydro continues to extend its hand to the Islamic Republic to develop long-term projects.

StatoilHydro Managing Director Yan Helgeh Escogen revealed that the company will be presented in the 13th International Oil, Gas and Petrochemical Exhibition, which will be held April 16 to 20 in Tehran.

Escogen told Islamic Republic News Agency that StatoilHydro's participation in the exhibition is reflective of the company's efforts to "expand cooperation" with Iran.

"Currently, the company is working on the three projects concerning phases six, seven and eight of South Pars gas field, Anaran and Khorramabad," said Escogen.

The Tehran Times reported April 14 that "a new round of talks" between Iran and Beijing hold the promise of burgeoning developments in the gas sector.

China National Offshore Oil Corporation (CNOOC) has been in discussions with Iran over development of the North Pars gas field. The talks had been put on hold due to "international sensitivity."

Iran claims to have more than 26 Tcm of natural gas, which constitutes of 18% of the world's supplies.

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