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Iran signs $5b gas deal with China

Iran Materials 4 June 2009 13:44 (UTC +04:00)

TEHRAN (MEHR - Trend )

Iran signed a contract on Wednesday with China for the development of phase 11 of the South Pars gas field in the Persian Gulf, the Mehr News agency correspondent from Beijing reported.

The deal came as France's Total had delayed the implementation of the project for nine years.

The agreement was signed between the National Iranian Oil Company (NIOC) and China National Petroleum Corporation (CNPC).

Iran and China have established extensive energy cooperation. The two countries have signed about 10 agreements in oil and gas projects in recent years.

TEHRAN (MEHR - Trend )

Iran signed a contract on Wednesday with China for the development of phase 11 of the South Pars gas field in the Persian Gulf, the Mehr News agency correspondent from Beijing reported.

The deal came as France's Total had delayed the implementation of the project for nine years.

The agreement was signed between the National Iranian Oil Company (NIOC) and China National Petroleum Corporation (CNPC).

Iran and China have established extensive energy cooperation. The two countries have signed about 10 agreements in oil and gas projects in recent years.

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