China to invest in Iranian refinery

The contract worth 3.6 billion dollars for investment in Masjed Soleyman Petrochemical Industries Co. (MIS) was signed between Iran and China.

The Memoranda of Understanding was inked between Iran and China at presence of Minister of Cooperatives, Labour and social welfare Ali Rabiei.

It was signed between Iran’s Masjed Soleyman Petrochemical Industries Company and China’s Wuhan Company by the Managing Director of Masjed Soleyman Petrochemical Complex Yousef Davoodi and representative of the Chinese firm, the Mehr News Agency reported.

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