China National Nuclear Corp has clinched deals with Argentina, opening the doors for exports of nuclear equipment which might amount to 30 billion yuan ($4.7 billion) to the South American country.

The State-owned CNNC has inked contracts for work related to Argentina's fourth nuclear reactor and an agreement for a fifth nuclear power plant.

Qian Zhimin, its general manager, said the agreement exemplifies the deep friendship, mutual trust and extended cooperation between the two countries since 2010.