Saturday, August 13, 2005

China to participate in Iran-India gas project despite U.S. objection

TEHRAN — The Chinese and Indian officials are seriously trying to reach a memorandum of understanding (MOU) on China’s probable participation in Iran-Pakistan-India gas transfer project. The deal has assumed more importance due to U.S. opposition.

According to the Times of India, the MOU would include China as a partner in this project, and very likely, it would be inked by the end of 2005. China’s National Petroleum Company (CNPC) has shown great interest in being one of the partners in this international project.

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