Iran and China’s CNOOC Sign $16 Billion Gas Deal

Iran and China’s CNOOC Sign $16 Billion Gas Deal
by Sally Jones Dow Jones Newswires Wednesday, December 20, 2006

LONDON, Dec 20, 2006 (Dow Jones Newswires)
The Iranian government and China’s biggest offshore oil producer, CNOOC Ltd. (0883.HK), have signed a $16-billion natural gas deal, Iranian news agency Mehr reported Wednesday.

Mehr, citing Chinese news agency Xinhua, said the deal would cover the development of Iran’s northern Pars gas field and the construction of liquefied natural gas facilities which will export gas to China.

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