Young Journalists Club | Latest news of Iran and world

25 September 2017 - 00:52
News ID: 5997
Iran » Iran
Publish Date: 18:31 - 11 January 2015
TEHRAN, YJC. Deputy managing director of Iranian oil company announced Iran’s agreement with China to finance one of the country’s largest refinery projects.

National Iranian Oil Refining and Distribution Company (NIORDC) Deputy Managing Director Shahrokh Khosravani has spoken of Iran signing of an agreement with China to finance one of the largest refinery projects in Iran.

He also said taht the maintenance plan of Abadan Refinery is provided by Chinese credit through tapping financial sources.

Providing comments bout the latest status of Abadan oil refinery maintainance project, he stated that the negotiations for final agreement are under way to fund the big-time refinery plans via Chinese credit lines.

Explaining that the credit required for the construction and operation of the refinery is about 2,600 billion euros, the Iranian official stated the final agreement was signed by the Chinese investor to fund the refinery project.

Abbas Kazemi, Iran’s Deputy Oil Minister, had earlier said that the country’s engineering office was at the time working in China. A group of engineers were engaged, he further added, in follow-up activities and coordinating with the contractors of the project.

He noted that a detailed blueprint of Abadan refinery expansion project was under way and maintained that its construction would begin by the end of the ongoing studies.

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