Volume. 11990

Iranian oil minister attending CICA summit
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TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh traveled to China on Tuesday to attend the fourth summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA) in Shanghai, China.
Zanganeh is accompanying Foreign Minister Mohammad Javad Zarif, and Transport and Urban Development Minister Abbas Akhoundi, the Shana news agency reported. 
CICA is an inter-governmental forum with the aim of enhancing cooperation towards promoting peace, security and stability in Asia. It is a forum based on the recognition that there is a close link between peace, security and stability in Asia and in the rest of the world, according to its website.
The idea of convening the CICA was first proposed by Kazakhstan’s President Nursultan Nazarbayev on 5 October 1992, at the 47th Session of the United Nations General Assembly.
President Rouhani is scheduled to hold meetings with a number of heads of state, including his Russian counterpart Vladimir Putin, on the sidelines of the summit.  
Iran has renewed its oil export contracts with its Asian buyers, agreeing to deliver 400,000 barrels per day (bpd) to China, a senior Iranian oil official said on May 13.
“Iran has reached an agreement with China for the export of more than 400,000 bpd,” Mohsen Qamsari, the director general for international affairs at the National Iranian Oil Company (NIOC), said.
He said NIOC has renewed its crude oil selling agreements with refiners in India, China, South Korea, Japan and Turkey.

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