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http://www.freerepublic.com/focus/f-news/1744832/posts
Iran and China poised to sign pact on oil field 25-year deal could be worth $100 billion
bloomberg ^ | 11/25/06 | By Marc Wolfensberger
Posted on 11/27/2006 4:28:32 PM PST by Flavius
TEHRAN: Iran and China have moved a step closer to signing an energy deal worth as much as $100 billion, with the Islamic republic saying it had invited China Petrochemical's managing director to Tehran to sign an accord first reached in 2004.
The contract for Sinopec Group, as China Petrochemical is known, to develop the Yadavaran oil field in Iran and secure oil and gas supplies over a 25-year period is complete and ready to be signed, Petroenergy Information Network, the Iranian oil ministry news agency, said Saturday.
(Excerpt) Read more at iht.com ...