, the central pillar of the new deal is that China will invest $280 billion developing Iran's oil, gas and petrochemicals sectors. That Iran's state-run Press TV published cited the same story, lends credibility to the initial report.Another $120 billion will go into upgrading Iran's transport and manufacturing infrastructure, bringing it more in line with Chinese specifications and operations.
The move would be welcomed by Iranian hardliners, especially the powerful Iranian Revolutionary Guards Corps (IRGC) that has been hit hard by US sanctions and has repeatedly advocated closer ties with China and Russia rather than the West.“We can form a consortium composed of Iranian, Russian, Chinese and Indian big oil investors to preserve our dominance on the Iranian resources and at the same time increase our foreign trade volume,” said an
in the hardline Keyhan newspaper as early as 2018 after US President Donald Trump withdrew from JCPOA and sanctioned Iran.Iran and China alreadysigneda strategic partnership agreement in 2016, but the latest deal takes cooperation to a whole new level.
China has now offered massive long-term investment in the Iranian economy in return for far-reaching rights over how the money is spent and the products that eventually flow from it.Details have not yet been revealed but an Iranian source, most probably with permission to leak, has spoken exclusively to Petroleum Economist confirming highly favourable terms for Chinese companies with first refusal on oil and gas projects and ample opportunities to become involved with any and all petrochemical projects in Iran.
The most outlandish part of the new agreement is that it will allow "up to 5,000 Chinese security personnel on the ground in Iran to protect Chinese projects.”Iran’s Chief of Staff of the Armed Forces, General Hossein Baqeri, went to ChinaWednesday
to hold talks with his Chinese counterpart, Li Zuocheng, on “reinforcing military relations and developing cooperation.”The presence of Chinese security personnel in Iran will no doubt increase cooperation in military intelligence and make good the pledge of the 2016 agreement to “upgrade the level of cooperation of the Armed Forces of the two countries,” and “increase the exchange of consultations.”
Allowing China such a significant stake in Iran’s economic and military structures is unprecedented since the Revolution of 1979 when Iran warded off international interference with the motto “Neither East, Nor West”.It arguably challenges the Islamic Republic’s
, which foresees “complete rejection of colonial penetration and influence of foreigners.”BRI has beenas “a form of economic imperialism that gives China too much leverage over other countries.” Iran will, for example, have to sell its oil at a discounted rate to China.
Yet, with over a 50 percentdropin oil and gas income due to US sanctions, China’s 25-year deal brings Iran several benefits.Firstly, it allows Iran to expedite increases in oil and gas production from three of its key fields, notably the giant South Pars gas field.
Secondly, China hasreportedlyagreed to continue to import Iran’s oil and pay in “soft” currencies, including those of African and Central Asian states to avoid dollars. Third, it will improve Iran’s diplomatic standing, enable it to benefit from the backing of two of the five permanent members of the UN Security Council, namely Russia and China.
The new deal could also explain Iran’s recent confidence in stepping away from JCPOA and criticising European countries for their “lack of commitment” to the deal. Read more: TRT World »
Opposition in Belarus tell Lukashenko to quit as West condemns crackdown after election
The Belarusian opposition accused President Alexander Lukashenko on Monday of rigging a landslide re-election victory after bloody clashes between police and protesters sparked Western criticism and talk of new sanctions.
US has lost it's so called control.America should realize that it isn't the only power now. Af far as risk for iran in this deal is cocerned..it won't cost iran it's nuclear programme. So they will be ok with that If China is an investor , She must be a risk seeker. Addicted on gambling Massoumehtorfeh Trump will be pissed... so will the Rothschilds that they can't have another war!
Massoumehtorfeh Russia will not be best pleased. What's going on behind the headlines?. Massoumehtorfeh Irelevent, one child families and very rapidly ageing society means Iran is dying anyway .Increase sanctions ,starve them out.A pariah state it should be destroyed. Massoumehtorfeh An unusually unwise investment
Massoumehtorfeh Everyone loves the dollars,Uyghurs ? Never heard of them.🤡🤡 Massoumehtorfeh Of course. China doesn't give a damn about anything apart from profit.
Netanyahu says Iran had secret nuclear weapons siteIsraeli PM Netanyahu says that Iran had been developing nuclear weapons at a secret site near the city of Abadeh, but that Tehran destroyed the facility after learning it had been exposed. They ALL have Secret Sites. Israel included. Cough, bullshit, cough. What methods could people use - to help them discern; -facts from fuction -truth from lies -real from fakenews, propaganda & conspiracytheories?
UK summons Iran ambassador, says assurances over oil tanker breachedBritain summoned the Iran ian ambassador on Tuesday to condemn what it said was a... 🤣😂😅 Wow what surprise the terrorist regime in Iran lied I can't believe that I am in shock When will European wake up and understand that the Iranian are nothing but terrorist that need to be held accountable for his actions Iran's act is just too small compared to that 'WMD' in Iraq. British still have the moral high ground to call Iran's ambassador? Huh..
Britain accuses Iran of selling Adrian Darya 1 tanker oil to SyriaBritain said Iran had sold the oil cargo of tanker Adrian Darya 1 to Syria, brea... I'm shocked to hear it. Oh! Shut up Britain! You Pirate 🏴☠️ i accuse Britannia of killing a million people in IRAQ
UK accuses Iran of breaking deal with oil transfer to Syria – Gulf tensions'This sale of oil to brutal [Syrian] regime is part of a pattern of behaviour by the Government of Iran designed to disrupt regional security,' British Foreign Minister Dominic Raab says.
With Bolton's departure, an Iran hawk leaves the chessboardJohn Bolton's departure from the White House removes an obstacle to the pos... Good for the Middle East, sad for Latin America, honestly This bird ain't gonna fly.....
2 British-Australians and Australian citizen held in IranCANBERRA, Australia (AP) — Two women who are dual British-Australian citizens and an Australian man have been detained in Iran , one of them sentenced to 10 years in prison, Australia's government... After operation TP AJAX why would the Iranians have a reason not to trust foreigners? I hate to say this, what part of unsafe don’t people understand? North Korea the same, stay away. Iran is a hostile country not a tourist attraction. Sometimes stupid decisions can be very costly, unfortunately. Were they shipped there or did they go on their own? Sounds like a great vacation spot?