Iran China Latest Agreement

Based on the deal, China agreed to inject US$280 billion to US$400 billion into Iran`s oil, gas and petrochemical industries through foreign direct investment. [13] The financial volume of the notified agreement is certainly disproportionate to other Chinese regional investments, but it is not unusual in view of China`s commitments to other first-class foreign investments. For its part, Iran has denied the truth about the leak, arguing that the scale of the deal is misinterpreted, but discussions within Iran itself indicate that the document is valid. In the oil industry in particular, what could be seen as the main motivation for the Chinese to sign an agreement conflicts with the numbers. China`s oil imports from Iran collapsed by 89 percent in March, as Beijing tried to strike a trade deal with the United States. In June, China did not import crude oil from Iran, at least officially, against an all-time high from Saudi Arabia. In addition, all the significant incidents in the Middle East in recent years, including the assassination of Soleimani, the Iranian attack on Abqaiq Khurais and the ongoing war in Syria and Yemen, have not influenced the price of oil in the long run. So, again, why do the Chinese need this deal and why now? Tehran`s move toWard Beijing is in part a response to the Trump administration`s withdrawal from the 2015 nuclear deal, said Hamidreza Azizi, a visiting scholar at the Institute of International Politics and Policy. But it is not only the United States that is the cause, he told DW: Tehran is also disappointed that the Europeans have not fulfilled their economic obligations. The partnership, outlined in an 18-part New York Times contract proposal, would significantly expand China`s presence in banking, telecommunications, ports, railroads and dozens of other projects.

In exchange, China would receive a steady supply of Iranian oil over the next 25 years, and according to an Iranian official and an oil trader. Beijing is confident that it will be able to cope with the regional political impact of the deal by reminding countries competing with Iran that they are also important economic partners with China. China has invested heavily in both the UAE and Saudi Arabia and has positioned itself as an important intermediary for the economic diversification of both countries. So far, China has navigated The Politics of the Levant well enough to establish economic relations with Israel, another important regional player that would deal with a deal. The new agreement between China and Iran promises Chinese contributions worth $400 billion, covering various military and trade issues. As part of the deal, Iran will regularly supply China with very cheap cheap Iranian oil over the next 25 years, in exchange for China`s contribution to Iranian sectors such as shipping, defense, telecommunications, infrastructure, petrochemicals, energy, railways, ports and banks. The deal also proposes Chinese aid to strengthen the Iranian state`s control over cyberspace. The 25-year Iran-China Cooperation Program or Comprehensive Strategic Partnership between I.R. Iran, P.R. China[1] is an agreement on Iran-China relations that was concluded on June 24 On June 26, 2020, Beijing was drawn up between Iran and China. [2] [3] The possible design of the document is 18 documents.

The project was first leaked to the New York Times by someone close to the project. [4] [5] Petroleum Economist reports that the deal covers up to $280 billion for the development of Iran`s oil, gas and petrochemical sectors and an additional $120 billion in investments in modernizing Iran`s transportation and manufacturing infrastructure. [6] [7] According to the Iranian authorities, the revitalization of the New Silk Road is also part of the agreement. [8] The proposed partnership has nevertheless sparked a lively debate in Iran. Zarif, the foreign minister who visited Beijing last October to negotiate the deal, was confronted last week in parliament with hostile questions about it. .