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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2893)	3/18/2004 12:25:53 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

UPDATE: China In Iran LNG Deal; Upstream Assets Eyed SINGAPORE (Dow Jones)--China Thursday said it has signed a multibillion dollar deal with Iran to import liquefied natural gas from Iran. The plan calls for Beijing-based Zhuhai Zhenrong Corp. to buy 2.5 million metric tons of LNG a year from Iran starting in 2008. The volume will then be increased to 5 million tons annually, with the agreement to last for 25 years, Zhenrong said. ADVERTISEMENT The agreement follows the recent renewal of a term contract which allows Tianbao (Hong Kong) Energy Co., a Zhenrong unit, to buy 80,000 tons/month of straight-run fuel oil from National Iranian Oil Co. from next month to March 2005. sg.biz.yahoo.com