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China tops Iran investor list

Tehran, Dec 13, IRNA - China has been the biggest foreign investor in Iran during 2000-2007 followed by France and Germany, according to the American Enterprise Institute (AEI) data on foreign investments in the Islamic state by major industrial countries.

China, Iran's largest trade partner, invested at least $101.74 billion in the country during the seven year.

Reuters quoted the US-based conservative think-thank as saying that the information was obtained from corporate reports and websites, periodicals and other databases.

The Asian giant's investments in petrochemical, gas and oil industry totaled $96.7 billion during the period.

To fuel its over 11.9 percent economic growth, the nation of 1.3 billion people the 'factory of the world' is buying all the oil it can from world markets and through bilateral energy development deals with producers and exporters in the Middle East and Africa.

China is the world's second largest oil consumer.

Iran with the world's second largest known oil reserves is an important energy supplier for China and has signed multi-billion- dollar energy contracts with that country in the past two years.

The latest of such investments in Iran's oil and gas development projects was made on Sunday.

National Iranian Oil Company and China Petroleum and Chemical Corp., (Sinopec), signed a two-billion-dollar agreement for the development of onshore Yadavaran oilfield in southern Khuzestan province Chinese investors also invested $620 million in banking, finance, export credit agencies; $3.38 billion in construction, power and energy and $1.08 billion in the transportation sector.

France, the second investor in Iran among industrialized nations, invested at least $29.9 billion during 2000-2007 of which $18.5 billion are in petrochemical, gas and oil industry.

French oil giant Total is among major European companies to have undertaken projects in the country's oil and gas sector. French entrepreneurs invested $9.2 billion in banking, finance, export credit agencies; $1.15 billion in construction, power and energy; $480 million in telecommunications and $600 million in the transportation sector.

Germany invested $25.4 billion in Iran during the seven years of which $9.82 billion are in petrochemical, gas and oil fields and $2.14 billion in banking, finance, export credit agencies.

... Payvand News - 12/13/07 ... --

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