China steel projects to provide financing for Iran

Recently, Iranian officials said, China will provide funding for seven Iranian steel project.

Iran’s mining development and innovation organization (‘), President of kappa, Ann (MahdiKarbasian) accept, nim (Tasnim) news agency in an interview, an Iranian bank has the l/c for seven steel financing project to make the final arrangements. He said, adding that the two sides after nervous business negotiations, China agreed to provide $1.8 billion in financing for seven steel projects.

Kappa, Ann made it clear that Iran’s mining development and innovation organization not only limited to Chinese financing, also have talks with the europeans began. He said, “if China does not provide the right price and quality, the europeans might be the future of our these seven project partner.”

In recent years, China’s offer Iran a lot of project financing, especially in the petrochemical projects. At the same time, the Iranian nuclear agreement between Iran and six countries will encourage other many countries consider to invest in Iran.