China to go ahead with Iran projects
China to go ahead with Iran projects
China's biggest oil company says a draft UN Security Council resolution proposed by the US against Iran will not hinder its energy projects in the Islamic Republic.
"We will implement our projects in Iran as usual," The Wall Street Journal quoted Jiang Jiemin, president of state-owned China National Petroleum, as saying in a statement on Thursday.
The statement comes only two days after the US proposed a draft resolution which targets Iran's military, financial, and shipping activities.
China National Petroleum is in various phases of developing three fields in Iran, including work on one of the world's biggest natural-gas fields, and an Iranian oil field.
Jiang said he expected production from the oil field to hit around 20,000 barrels a day later this year.
Iran was China's third-biggest supplier of oil last year after Saudi Arabia and Angola
