Chinese companies to build oil refinery in Northern Iran

FNA – An Iranian official announced on Monday that some Chinese companies have voiced their willingness to construct an oil refinery in Northern Iran.

Deputy Governor General of Mazandaran for Economic Affairs Hassan Kheirianpour made the remarks after meeting with an economic delegation representing of Chinese companies and investors from Jiangxi Province in China visiting Iranian Northern Province of Mazandaran.

According to Kheirianpour, the Chinese have voiced readiness to both invest in and construct the refinery.

Chinese companies are ready to invest $2 billion in construction of the oil refinery in Mazandaran Province, said the local official.

The Islamic Republic of Iran and China enjoy very good relations in terms of politics and economy and such relations could be promoted in both sides’ provinces, he said.

Grounds are well prepared for foreign investment in Mazandaran Province in various fields such as agricultural products and construction of rail roads, ports and airports, he said.

Chinese investors also have the opportunity to invest to expand tourism industry in Mazandaran Province, he said.

Chinese automobile makers also have the option to invest in the sector due to huge demands in the market, he said.

The Chinese visitors, for their part said that Iran is regarded as China’s strategic economic partner as grounds for investment in construction of the rail tracks, wastage and oil refinery are well prepared.

Chinese seven-member delegation arrived in Mazandaran on Monday to examine expansion of economic cooperation between the two sides.