Four petrochemical projects, all in southwest of Iran, will be funded by Chinese investors, according to a TREND News Agency report, as reported by Fibre2fashion. Chinese companies would be investing €470 million in the construction of Lordegan Petrochemical Complex, the report said quoting Iran’s Mehr news agency. Chinese investors have also pledged to finance Bushehr, Hengam and Gachsaran petrochemical complexes. The process of extending credit to Iranian petrochemical projects by the Chinese firms went ahead after the November 24, 2013, interim agreement signed between Iran and the 5+1 group consisting of the five permanent members of the UN Security Council plus Germany.
19-May-14 
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