Financial Times FT.com

US hits at Chinese oil deal with Iran

By Daniel Dombey in Washington

Published: December 20 2007 19:29 | Last updated: December 20 2007 19:29

The US has complained to Beijing about a new deal between Sinopec, the Chinese state-owned energy company, and Iran, in a sign of the rift between the world’s big powers about Tehran’s nuclear programme.

The contract to develop Iran’s Yadavaran oil and gas field, signed in Tehran on December 9, follows a 2004 memorandum of understanding and has been valued by Gholam Hossein Nozari, Iran’s oil minister, at $2bn.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this