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China pursuing $100bn oilfield deal with Iran

China and Iran are reportedly close to concluding a $100bn deal for China to develop Iran's Yadavaran oilfield. Under the deal, China's state-owned Sinopec Group would acquire a 51% stake in Yadavaran.

Source: Wall Street Journal, 17 February 2006.
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China pursuing $100bn oilfield deal with Iran
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