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Monday, 4 November 2013

China agrees to use oil money for Iran to finance $20B of development projects

A report by an Iranian media website says China has agreed to finance $20 billion in development projects in Iran using oil money not transferred to the Islamic Republic because of international sanctions.


The tasnimnews website published a report Saturday quoting prominent lawmaker Hasan Sobhaninia saying the deal was reached during talks between Iran’s parliamentary speaker Ali Larijani and Chinese leaders. Larijani visited China this week and Sobhaninia accompanied the speaker.


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The Associated Press via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/jpnpixTlZkE/

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