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China to expand its petchem investments in Iran

by ChemOrbis Editorial Team -
  • 17/11/2014 (16:46)
According to media reports, China plans to double its energy investments in Iran. The country will increase its investment value in Iran to more than $52 billion.

China will finance energy sectors consisting of water, electricity, oil, gas and petrochemicals. In previous statements, it was reported that China would finance up to $4.5 billion in Iran’s petrochemical projects.

Iran turned in recent years to China, Russia and Turkey to find financing for its major projects as Europe and the US have implemented embargos against the country.
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