Two Major Chinese Companies Plan To Invest In Iran’s Khuzestan

Via Iran Front Page News, a report on planned new Chinese investment in Iran:

Chinese Ambassador to Tehran Chang Hua says two major Chinese companies plan to invest in Khuzestan, in Iran’s oil-rich southwest.

During a meeting with Khuzestan’s governor-general on Sunday, Hua said other Chinese companies could also come forward with any investment plans as related to the Iranian province.

He expressed hope that given the two countries’ good relations and Khuzestan’s tourism capacities, a large number of tourists would travel to the Iranian province from China and visit its historical sites.

Hua emphasized the need to advertise the province’s tourist spots to attract visitors.

Elsewhere in his remarks, the Chinese ambassador said the boosting of the ties between Iran and China would lead to more Chinese companies entering the Iranian investment market.

This comes as Iran is under US sanctions.

He said Beijing supported Iran’s territorial integrity as strongly as it supported its own and backed “Iran against Western countries, which assail Iran’s and China’s interests under various pretexts.”

He also said the reestablishment of ties between Iran and Saudi Arabia last month — which came after Chinese mediation — was helpful to regional peace and development.



This entry was posted on Sunday, April 30th, 2023 at 1:35 pm and is filed under China, Iran.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.