China invests $3,6 billion in oil refinery in Iran

China invests $3,6 billion in oil refinery in Iran
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Wuhan, a Chinese company, signed an agreement with the Iranian Masjed Soleyman Petrochemical Industries Co (MIS), under which China will invest $3.6 billion in oil refinery owned by the Iranian company, Rambler News reports on Wednesday with the reference to Mehr news agency.

“The agreement in the amount of $3.6 billion was signed by the managing director of MIS Youssef Davudi and representative of the Chinese company,” — the statement reads.

In addition to this agreement, Iran signed two more documents with two European countries – Austria and the Netherlands.

In particular, Iran intends to produce food products jointly with Austria, and baby food – in partnership with the Netherlands.