. Energy News .




.
TRADE WARS
Iran and China ink agreements totaling $4 billion
by Staff Writers
Tehran (AFP) July 16, 2011

Iran and China on Saturday signed a series of agreements worth $4 billion (2.8 billion euros) for infrastructure projects as part of a broader bid to boost trade volume between the two nations, Iranian state media reported.

The bilateral agreements span cooperation in water, mining, energy and industrial sectors.

As part of a $500 million (354 million euros) deal, China agreed to provide Iran with 60 energy recovery incinerators, which are to be installed within a year in major cities and in Iran's northern tourism hub along the Caspian sea.

China also pledged to boosts its imports of Iranian mineral products, state TV reported.

Iran's Vice President Mohammad Javad Mohammadi-Zadeh told the television that China was Iran's leading economic partner, with last year's trade volume reaching $30 billion (21 billion euros).

The agreements were signed during a visit by He Guoqiang, a senior executive of the Chinese Communist Party, who heads a delegation visiting Iran. He was received by Iranian President Mahmoud Ahmadinejad.

"The main objective is to quickly bring our economic and trade exchanges to $100 billion," Ahmadinejad said during Saturday's meeting, according to his website.

"China, with a strategic vision, wants to strengthen its cooperation with Iran, because it is in the interest of both nations as well as regional countries," He Guoqiang was quoted as saying by the website.

China's ambassador to Tehran told IRNA recently that bilateral trade would reach $40 billion (28 billion euros) this year.

China and Iran have become major economic partners in recent years, partly thanks to the withdrawal of Western companies in line with sanctions against the Islamic republic over its contentious nuclear drive.

Beijing, which now buys about 20 percent of Iranian crude, opposes the policy of the United States and its European allies seeking to strengthen UN sanctions against Iran, which they believe is seeking nuclear weapons.

Tehran denies this, saying its nuclear programme is purely for peaceful objectives.




Related Links
Global Trade News

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
China accounts for 85% of fake goods seized in EU
Brussels (AFP) July 14, 2011
European customs intercepted one billion euros worth of counterfeit goods last year, with 85 percent of the fakes originating from China, the European Commission said Thursday. The figures highlighted the rise of Chinese counterfeit goods, which had accounted for 64 percent of the fake articles seized in the 27-nation European Union in 2009. China is by far the biggest exporter of such g ... read more


TRADE WARS
Cyprus to import power from breakaway north

Heatstroke cases up as Japan saves electricity

Growing energy ties set tone for Merkel-Medvedev talks

Lebanon's Cabinet discusses energy

TRADE WARS
Brazil has a 'North Sea of oil'

Oil firms in China come under fire

US-Vietnam naval drill begins against China's wish

Chavez illness an issue for 2012 election

TRADE WARS
New wind turbines said more efficient

Wind power numbers down in Britain

Wind farm inquiry balanced and reasonable

Power-One Inverters Chosen to Power WindTronics

TRADE WARS
Merkel seeks renewables boost in Africa

Enecsys announces UL 1741 certification for single and Duo micro

Energy Insights and ASES Create Online Photovoltaic Research Panel

Solar Frontier Ships 150 Watt CIS Modules Globally

TRADE WARS
Differences in nuclear regulations

Hitachi GE picked for nuclear plant talks: Lithuania

Lockheed Martin Delivers Nuclear Materials Tracking System to Nuclear Regulatory Commission

Japan reactor halted over pressure drop

TRADE WARS
Switch from corn to grass would raise ethanol output, cut emissions

Biofilters reduce carbon footprint of old landfill sites

Filters seen as greenhouse gas weapon

Grasses eyed as ethanol source

TRADE WARS
China launches new data relay satellite

China launches experimental satellite

China to launch an experimental satellite in coming days

China to launch new communication satellite

TRADE WARS
Global warming: study finds natural shields being weakened

Twelve million need food aid in Horn of Africa: FAO

Global warming: Cities, too, are carbon 'sinks'

US pledges $5 million for drought-hit Somalis


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement