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Wednesday, 18 January 2017

Iran, China to sign $3 billion contract to upgrade Iranian refining capacity: Mehr news agency | Reuters

Iran, China to sign $3 billion contract to upgrade Iranian refining capacity: Mehr news agency | Reuters:

"Iran and China will sign a $3 billion contract next month to upgrade Iran's oil refining capacity, according to Iran's Mehr News agency. Iran’s deputy oil minister Abbas Kazemi said in Tehran on Tuesday that the deal will focus on upgrading the Abadan oil refinery, Mehr said. “Last week, China officially opened the financing for the plan to fix and improve the quality of the Abadan refinery,” Mehr quoted Kazemi as saying. "



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