USD 63.6336

-0.13

EUR 70.9196

-0.25

BRENT 59.45

-0.15

AI-92 42.28

0

AI-95 46.05

+0.01

AI-98 51.7

-0.05

Diesel 46.26

+0.01

32

China National Offshore Oil Corp Signed MOU with Iran

China National Offshore Oil Corp has confirmed signing a memorandum of understanding with Iran

China National Offshore Oil Corp has confirmed signing a memorandum of understanding for a US$16 billion project to develop Iran's North Pars gas field and build liquefied natural gas plants.

The project will take eight years to complete, Xinhua reported. Liu Junshan, a Beijing-based spokesman for China's largest offshore oil producer, declined to confirm or deny an earlier media report of an agreement.