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China Finances 20b Euros of Iran Projects

Source: Shana 4/15/2015, Location: Asia

China has so far financed 20 billion euros of oil projects in Iran, the head of National Petrochemical Company has said. ďSo far, Chinaís finance in Iranís petroleum industry has been around 20 billion euros,Ē Abbas Shari-Moqaddam said.

He added that Iranís Minister of Petroleum Bijan Zangeneh, during his visit to China, solicited the Asian big economy to invest in Iran three times Iranís securities in Chinese banks.

Shari-Moqaddam said China is expected to announce its decision soon.

He said that Iranís oil revenues remain frozen due to international sanctions, adding that a nuclear deal would allow the money to flow into Iranís sovereign wealth fund Ė National Development Fund of Iran.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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