China has announced that its investment in Iran’s oil and gas industries in the next 25 years would touch 100 billion dollars, China Daily reported on Wednesday.

According to the daily, the country’s oil companies had made huge investments throughout the world in the recent years.

“Based on a contract signed by two Chinese companies and Tehran in 2004, Iran will export more than 360 million tons of liquefied natural gas (LNG) to China,” said the daily.