Chinese Government pledges $27 billion line of credit for unspecified petrochemical, development, and mining projects

$27M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Iran
Country	Iran
Start Date	Jan 01, 2014
End Date	Jun 13, 2031
Duration	6,372 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`41271`

Grant Description

Chinese Government pledges $27 billion line of credit for unspecified petrochemical, development, and mining projects According to a source issued by ECCO on November 20, 2014, China agreed to increase an unspecified line of credit extended to Iran from 23 billion USD to 50 billion USD. This financing will support unspecified water, power generation, oil, gas, development, and mining projects.

This is an umbrella project. Any related sub-projects or disbursement of this funding are unknown.

📚 Sources & References

China doubles credit line for Iranian projects
中国伊朗高层互访：增加对华石油出口推动“一带一路”
伊媒称中国对伊项目融资翻番 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.