China has signed a major strategic agreement with Iran based on which it will provide funds for Iran to develop electricity projects. The agreement was signed between Iran Power and Water Equipment and Services Export Company (SUNIR) and Chinas Shandong Electric Power Corporation (SEPCOIII) on Tuesday. Details of the agreement are not known. Nevertheless,...

TEHRAN June 2 (Shana)--Phase 19 of the giant offshore South Pars gas field is more than 76 percent complete. Drilling operations in Platform C are over and drilling rigs are operating on Platforms A and D of this phase. Fifteen more wells are still to be drilled in this phase of the offshore field which Iran shares with neighboring Qatar. Phase ...