13 Jan 2025
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, China�s finance in Iran�s petroleum industry has been around 20 billion euros,� Abbas Shari-Moqaddam said.
He added that Iran�s Minister of Petroleum Bijan Zangeneh, during his visit to China, solicited the Asian big economy to invest in Iran three times Iran�s securities in Chinese banks.

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

By SHANA
https://theiranproject.com/vdchivnzq23n-id.01t2.html
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