Saturday 16 November 2024
 
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Abadan refinery

China offers $1.3bn financing for Iran refinery

China has opened a line of credit worth $1.3 billion to finance to renovate Abadan Oil Refinery in Iran, a top official said. "China's Export and Credit Insurance Corporation (Sinosure) has opened a $1.3-billion credit li

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Blast, fire at refinery as Ahmadinejad visits

An explosion blamed on a technical problem caused a fire at an oil refinery in Iran during a visit by President Mahmoud Ahmadinejad on Tuesday, the semi-official Fars news agency reported.    Six people were injured but Ahm

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