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Human Services

China to construct oil refinery in Iran

Sari, Mazandaran prov., Deputy Governor General of Mazandaran for Economic Affairs Hassan Kheirianpour said on Monday that Chinese companies have voiced readiness to do investment and construct oil refinery in the north of Iran.

Kheirianpour said in a meeting with the economic envoy from Jiangxi Province in China.

Chinese companies are ready to invest dlrs two billion in construction of the oil refinery in Mazandaran Province, the news read.

The Islamic Republic of Iran and China enjoy very good relations in terms of politics and economy and such relations could be promoted in both sides' provinces, he said.

Grounds are well prepared for foreign investment in Mazandaran Province in various fields such as agricultural products and construction of rail roads, ports and airports, he said.

Chinese investors also have the opportunity to invest to expand tourism industry in Mazandaran Province, he said.

Chinese automobile makers also have the option to invest in the sector due to huge demands in the market, he said.

Chinese envoy, for his part said Iran is regarded as China strategic economic partner as grounds for investment in construction of the rail tracks, wastage and oil refinery is well prepared.

Chinese seven-member delegation arrived in Mazandaran on Monday to examine expansion of economic cooperation between the two sides.

Source: Islamic Republic News Agency - IRNA

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