BREAKING NEWS

Iran plays down pressure on China energy projects

By REUTERS

SEPTEMBER 8, 2011 17:35

ISLAMABAD - Iran is not concerned about a curb on Chinese investments in its vital energy sector, its foreign minister said on Thursday.

China has put the brakes on oil and gas investments in Iran, drawing ire from Tehran over a pullback that officials and executives said reflected Beijing's efforts to appease Washington and avoid US sanctions on its big energy firms.

On a visit to US ally Pakistan to discuss energy, agriculture and banking ties, Iranian Foreign Minister Ali Akbar Salehi sought to play down China's apparent shift in Iran.

"The Chinese are very active in Iran. There may be one project or two projects that may have (been reported) in the media," said Salehi.

"One or two projects may be slow but that is no problem."

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