Dow Jones Newswires reports that a second Chinese oil company is close to signing a memorandum of understanding to invest $3.6 billion in an Iranian gas field. This is despite U.S. pressure for China to cancel a similar deal.Citing an unidentified Chinese official, Dow Jones reported that state-owned China National Petroleum Corp. would invest in Iran's South Pars gas field under the agreement.
Chinese Foreign Ministry spokesman this week said Beijing considers such commercial ties with Iran to be legitimate and urged Washington not to interfere.
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