Chinese company looks to extend reach in Iran

摘要

China's sole Iranian crude lifter,Zhuhai Zhenrong Co,is extending its business reach to the upstream sector of Iran,a company source said Feb 19.The Chinese state-owned oil trading company is studying investing in the development of three oil fields in Iran with annual output estimated at more than 15-mil mt,and promoting sales of Iranian LNG in China,the source said.Zhenrong signed letters of intent with the Iranian government last December.