23 Nov 2024
Wednesday 15 April 2015 - 15:47
Story Code : 160227

China finances 20b euros of Iran projects

TEHRAN April 15(Shana)--China has so far financed 20 billion euros of oil projects in Iran, the head of National Petrochemical Company has said.
So far, Chinas finance in Irans petroleum industry has been around 20 billion euros, Abbas Shari-Moqaddam said.
He added that Irans Minister of Petroleum Bijan Zangeneh, during his visit to China, solicited the Asian big economy to invest in Iran three times Irans securities in Chinese banks.

Shari-Moqaddam said China is expected to announce its decision soon.
He said that Irans oil revenues remain frozen due to international sanctions, adding that a nuclear deal would allow the money to flow into Irans sovereign wealth fund National Development Fund of Iran.

By SHANA
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