Iran to build oil terminal with China
Tehran (UPI) Jun 16, 2016 -
A $550 million contract with a Chinese partner envisions the construction of a new oil loading terminal in the Persian Gulf, Iranian media reported.
The semi-official Fars News Agency reports a contract was signed between an Iranian machine company and an undisclosed Chinese counterpart to build an oil terminal on an island in the Strait of Hormuz.
"The oil terminal will be built ...
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