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demoleft Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-30-10 04:17 AM
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China offers billion-euro loan for Iran projects
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Source: afp

AFP - Beijing has offered a loan of one billion euros (1.2 billion dollars) to fund projects in Tehran, a report said on Sunday, in a sign of increased Chinese participation in the Iranian economy.

Iran's Fars news agency, quoting a senior official from Tehran municipality, said the loan would have a repayment period of three to four years.

...

Several Western energy companies have left Iran amid the increasing possibility of a new round of UN sanctions against Tehran for pursuing its controversial nuclear programme of uranium enrichment.

They are being replaced mainly by Chinese and Iranian firms.

Read more: http://www.france24.com/en/20100530-china-offers-billion-euro-loan-iran-projects
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