BIZCHINA / Biz Media Digest

Energy: China builds LNG plants in Iran

(Shanghai Daily)
Updated: 2006-12-25 14:35

China National Offshore Oil Corp has confirmed signing a memorandum of understanding for a US$16 billion project to develop Iran's North Pars gas field and build liquefied natural gas (LNG) plants.

The project will take eight years to complete, Xinhua reported. Liu Junshan, a Beijing-based spokesman for China's largest offshore oil producer, declined to confirm or deny an earlier media report of an agreement.

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