The state media report also added that as part of a $500 million energy deal, China will provide and install 61 incinerators converting waste into energy within the next year. The incinerators will be installed in Iran’s large cities and its northern provinces.
Other agreements included understandings on water, mining and the industrial sector.
The agreements are viewed as a major step in already-tightening economic relations between the two countries.
IRNA reported that the current volume of trade between Iran and China is $30 billion.
“The objective is to quickly bring our economic and trade exchnges to $100 billion,” President Ahmadi-Nejad was quoted by his website as saying in a news conference after a meeting with He Guoqiang, head of the Chinese delegation.
“China, with a strategic vision, wants to strengthen its cooperation with Iran because it is in the interest of both nations as well as regional countries,” He Guoqiang was quoted by the website.
IRNA has recently quoted China’s ambassador to Iran as saying that bilateral trade would reach $40 billion by the end of this year.
Iranian state TV reported that China has also pledged to boost its import of Iranian minerals.