China aims to double the size of its investments in Iran's energy sector, revealed a top Iranian official, days away from the World Power-set deadline over the country's nuclear program.

Iran's Deputy Energy Minister Esmail Mahsouli announced that China has already agreed to the proposals submitted by Iran's central bank, thus, boosting the world's No. 2 economy's share in Iranian projects to over $52 billion.

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The decision came after Iran's central bank President Valiollah Seif visited Beijing last September.

Iranian media revealed that the Chinese investment will be guaranteed by Iranian deposits worth $US20 billion in Chinese banks due to international sanctions imposed after Iran instituted its nuclear program.

Iran has earned the ire of Western powers because of its nuclear programs. Faced with tough sanctions, the country had no choice but to turn to China, Russia and Turkey for financial assistance on its major projects.

Mahsouli also mentioned that the energy sector, particularly water, electricity, oil, gas and petrochemicals, as well as the country's construction and industrial sectors, will benefit from the financial backing of China.

Masouli also revealed that between $1.5 to $2 billion will go exclusively to water and electric projects.

The United States has imposed total economic sanctions on Iran.

The European Union, meanwhile, has toughened its sanctions in 2012, with its eyes set on the country's energy and banking industries.

Iran, however, defended that its use of nuclear program is solely for civilian use.

The country is now on negotiation with the world powers in an effort to reach a deal over its nuclear program.

Tehran and the world powers, which includes China have until November 24 to reach a permanent deal on Iran's nuclear program.

The United States agreed to release $2.8 billion of frozen Iranian funds if Iran converts its 20%-enriched uranium stocks into fuel.

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