China In Iran LNG Deal; Upstream Assets Eyed Date: Thursday, March 18 @ 19:46:57 PST Topic: Consumption; Demand; Prices
Beijing-based Zhuhai Zhenrong Corp. signed a deal to buy 2.5 million metric tons of LNG a year from Iran starting in 2008. Zhenrong is allready buying 80,000 tons/month of straight-run fuel oil from National Iranian Oil Co.
