[A-List] China, Iran Begin Fresh Round Of Energy Talks

["tony black" <tal@xxxxxxxxxxxxx>]

 

----- Original Message -----

From: Rick Rozoff

To: Stop NATO

Sent: Saturday, December 17, 2005 9:37 AM

Subject: [stopnato] China, Iran Begin Fresh Round Of Energy Talks

http://www.mehrnews.com/en/NewsDetail.aspx?NewsID=266367


Mehr News Agency (Iran)
December 17, 2005


Iran, China begin fresh round of energy talks


TEHRAN — Senior oil officials from Iran and China will
start tomorrow a new round of negotiations on Iran’s
LNG – liquefied natural gas - sales to China. They
will also resume discussions on the development of
Iran’s Yadavaran oil and gas field by the Chinese
experts.

“Iranian and Chinese oil officials had about two years
ago signed a memorandum of understanding (MOU) based
on which the Chinese side was to purchase 250 million
tons of LNG from Iran within a period of 30 years.
Moreover, 51 percent of the developmental operations
of the Yadavaran Oil Field was to be awarded to the
Chinese side through a buyback deal”, the Persian
service of IRNA quoted deputy oil minister Hadi
Nejad-Hosseinian as saying here on Friday.

In drafting their development plan, the Chinese are
apparently cooperating with the Shell Oil Co., the
Iranian oil official said when commenting on the aims
of the Chinese senior oil officials’ ongoing visit to
Iran.

Following the repayment of the investment costs in the
form of oil delivery to the Chinese side, 150,000
barrels of crude oil per day will be also sold to
China for a period of 25 years. The oil price then
would be the official price of the commodity announced
at the delivery time.

Elsewhere in his comments the deputy oil minister
referred to the revisions made to a number of the oil
contracts and noted that, one of the changes would be
the improvements made to the buyback contracts. He
added, by making small revisions to the existing
contracts, their main problems could be resolved.
“Meanwhile, the issue would not be time-consuming
either.”





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