China Shuns US And Invests Direct In Iran Oil-Fields | ZeroHedge: "
Iran's Oil Minister Rostam Qasemi says China has agreed to invest USD20 billion in developing north and south Azadegan and Yadavaran oil fields which will finally produce 700,000 barrels per day (bpd) of crude oil.
Speaking to reporters in a visit to the Petropars Company on Sunday, the oil minister said the agreement for developing Azadegan and Yadavaran oil fields has been reached after 10-15 years of negotiations with the Chinese side.
He added that the Chinese side has started its activities by investing USD20 billion dollars in the oil fields."
'via Blog this'