Iran, China in energy deal, annual trade to hit US$20 billion

September 14, 2007 17:11


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Iran's interior minister said Friday his country has finalized oil and gas projects with China, adding that two-way trade was on target to hit US$20 billion (€14.4 billion) this year among robust commercial ties. Speaking to reporters after meetings in Beijing, Mostafa Pour Mohammadi gave few details but indicated progress had been made. "We have many big projects on the table," Pour Mohammadi said. "And in my talks and sessions we finalized our parts and projects in oil fields, gas fields and investing and transporting of fuel between the two countries," the minister said. Economic ties covered areas ranging from power station construction and mining to the building of subways and automobile plants. "This year, trade will hit US$20 billion (€14.4 billion) and will develop in other fields," Pour Mohammadi said.

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