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Title : KFZO MD: Investment in oil and gas in Kish is competitive and justified
Date : 2/9/2008
Time : 18:32:49

The KFZO Board Director and MD said:  "Investment in oil and gas in KFZ is totally competitive and justified".  According to KFZO Office of Cultural Affairs and PR, at the Conference of National Oil Industry Projects Finance, engineer Majid Shayesteh added:  "The worries of investors for profit and investment return, and suitable business ventures have been solved".  He pointed out to the choice of Kish Island as the location for the International Oil Bourse, a base for companies and representative offices for the procurement of oil equipment, and also a base for services and logistics for the oil industry and reminded:  "These achievements are an indication of the potential and abilities available on Kish Island".  According to engineer Shayesteh, there are presently seven technical and engineering companies, with a 45-100% foreign partnership and 18 regional offices of foreign companies, including the Chinese National Oil Company, and 15 domestic companies, including the oil commodities manufacturing company, and the Fallat-e Qarreh-ye Iran Company, who are working in Kish on oil, gas, and petrochemical projects.  In another part of his speech, the KFZO MD stressed on the necessity of investment in the oil and gas industry to exploit present resources, the special geographic location, legal privileges, infrastructures, and competitive privileges unique in this free zone.  The 2nd Conference of National Oil Industry Projects Finance studied the latest evolutions in the oil industry of Iran and the world, financial organisations, investment challenges in the Iranian oil industry, legal and political organisations, and the financing of large and small projects in the oil industry, with the presence of senior directors of the country, and 37 high ranking officials.



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