China, Iran sign major gas deal
Emerging Markets Economy, Nov 1, 2004
Iran's Oil Minister Bijan Namdar Zanganeh has ended a working visit to China. The minister noted the importance of the memorandum of understanding signed on annual selling of 10 million tons of Iran's natural gas to China and granting China the permission to carry out exploration, extraction and implementation of Yadavaran oil field.
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Head of Iran's Institute for Energy Survey, Mehdi Asali said Sunday that the 25-year deal with China will encourage countries like Japan and North Korea to buy gas from Iran, adding, "These countries were earlier unwilling to sign gas exchange contracts with Iran".
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