On March 10, under the bridge of Xining foreign affairs and overseas Chinese Affairs Office, an Iranian oil enterprise and Xining petroleum machinery plant successfully reached an intention of friendly cooperation, with a cooperation amount of 570 million yuan.

In the afternoon of the same day, Nasser mustard, manager of Iran department and member of the board of directors of Iran's alnideri oil company, gave Mr. Mi an exchange and Discussion on the cooperation of petroleum machinery projects with the relevant principals of Xining petroleum machinery plant under the bridge of our Municipal Foreign Affairs and overseas Chinese Affairs office. Both sides agreed to show great interest in the cooperation of petroleum machinery equipment and its industry, and reached a cooperation intention on the spot. Iran expressed its willingness to invest 570 million yuan in Xining petroleum machinery plant, jointly develop the petroleum machinery industry, and realize the mutual benefit and win-win of Chinese and Iranian enterprises.