In 2019, the average size of Chinese construction deals overseas shrank and investment fell outright. Financial Tribune – Of the total Chinese investment, 1.53 billion were made in chemical industries, $11.1 billion in energy, $4.96 billion in metals, $160 million in real estate, $6.92 billion in transport and $2.25 billion in utilities. According to Petroleum Economist, and the related Iranian reporting, the central pillar of the new deal is that China will invest $280 billion developing Iran's oil, gas and petrochemicals sectors. Interestingly, the decision came after the two parties agreed the Phase One trade agreement earlier that month: a plausible sign that the Iranian dossier was discussed during the negotiations. China is mindful that none of the major powers returned unscathed from wars in the Middle East and are confronting a very challenging variety of obstacles. ©2019 The Iran Project - News related to Iran, specially political, military and regional affairs! 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. Closer cooperation between China and Iran, especially on economic matters, is inevitable given they are both now targets of rising US antagonism. The editorial line straddles the British left and the British Muslim religious Right. © 2020 ProPakistani.PK - All rights reserved.

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. Overall, China and Iran have reasons to cooperate and mutual interests that could be progressively expanded in the coming years. Only 5 per cent of Iran’s overall oil exports went to China in 2000; however, by 2011 that had increased to 25 per cent. When completed, the road link will have an ambitious plan to connect with Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan, and thereafter via Turkey into Europe. Beijing has ostensibly undertaken to make such a massive investment in key sectors of Iran’s economy in return for an assured supply of Iranian fuel for the next 25 years. Beware: Esper’s defense ‘savings’ are mystery meat, not top-sirloin cuts. This 25-year deal could make a seismic shift in the global hydrocarbons sector. The American Enterprise Institute added that of the total investment volume, 1.53 billion were made in chemical industries, $11.1 billion in energy, $4.96 billion in metals, $160 million in real estate, … Beijing continued to buy Iranian oil over the past year even after the US sanctions’ waivers expired in May 2019, albeit in smaller volume.

According to the report, Chinese companies will be given the first refusal to bid on any new, stalled or uncompleted oil and gas field developments. Yet, with over a 50 percent drop in oil and gas income due to US sanctions, China’s 25-year deal brings Iran several benefits. China has also become a major investor in Iran’s oil and gas industry, as the US and international sanctions have limited Tehran’s access to international finance and the innovations needed to develop its declining energy industry. Save our environment, and generations. From his exile in Washington, Reza Pahlavi denounced the “shameful, 25-year treaty with China that plunders our natural resources and places foreign soldiers on our soil.” The son of Shah mentioned the “stationing” of Chinese troops in Iran as part of the agreement, implicitly quoting a Petroleum Economist’s piece published in September 2019, which I spent some time to debunk. The Saudi Arabia’s major oil exports are facing market access issues, and they’re looking to launch an IPO (Initial Public Offer) in the Wall Street, London, for subscription of the shares of Aramco. A picture is worth a thousand words.

Historically, Iran has been directly and indirectly involved in it, enjoying Beijing’s will to support Tehran as a balancer to Washington’s regional presence, but also suffering China’s tendency to prioritize its relationship with the United States over that with Iran. of founding of United Nations, Video: Iran successfully tests Bavar-373 air defense system on 2nd day of drills, Video: Phase 2 of South Kaveh Steel Co. will inaugurate, Photos: Afghanistan’s Abdullah meets with Iranian President, Photos: Afghanistan’s Abdullah meets with FM Zarif, Photos: Funeral procession of classic singer, composer Shajarian, Qom on the path of becoming a Shia world city, Abe Iran visit: From negotiation bid to Oman tanker attacks, Pak FM calls for resolution of regional issues through diplomatic engagement. Iran seeks to expand its military influence in the region by obtaining Chinese weapons and expertise, while China seeks to develop Iran as a lucrative arms market and a strategic bulwark against US forces in Asia. Pakistan is lagging behind in fully utilizing the benefits of CEPC by not developing the especial economic zones as agreed earlier. The alliance developed over four decades across three phases: military cooperation during the 1980/88 Iran-Iraq War; energy cooperation in the 1990s as China developed quickly; and oil deals which defied sanctions. With the US swamped by exhausting wars in the Middle East in recent years, China has steadily increased its political, commercial and even military operations in the region. It is among the top three arms suppliers to the Iranians, according to SIPRI data, exporting weapons worth about $270 million to Tehran between 2008 and 2018. Santex Products is Ensuring Feminine Hygiene in Educational Instituti…, Snapdagon 875 Could Be 25% Faster Than its Predecessor, Buzdar Announces Rs.

China has also been vocal in its support for the 2015 Iran nuclear deal, vowing to uphold it even after Washington withdrew from the pact. While the United States Administration wrestles with exerting “maximum pressure” on Iran, and the European signatories of the Joint Comprehensive Plan of Action (JCPOA) are trying to salvage the nuclear deal, China has decided to incorporate Iran into its  Belt and Road Initiative (BRI) with pledged investments totaling some $400 billion. However, many of the key specifics of this new understanding will not be released to the public stated a report. The new Iran-China alliance is likely to add to the already strong combined influence of Iran and Russia in the Middle East and signal the failure of the American pressure campaign which intended to isolate and reduce Iran’s hold in the region. Among Iran’s neighboring countries, China invested $56.33 billion in Pakistan, $3.48 billion in Afghanistan, $6.8 billion in Turkmenistan, $1.92 billion in Azerbaijan, $15.96 billion in Turkey, $23.95 in Iraq, $41.16 billion in Saudi Arabia and $34.7 billion in the UAE over the period. China is the world’s second-largest oil consumer after the U.S. and still one the main drivers of the global energy demand.

The “maximum pressure” policy and sanctions imposed on Iran by the Donald Trump administration has failed. As Dr. Jonathan Fulton, non-resident senior fellow at the Atlantic Council, pointed out talking about how likely China is to become a major arms supplier to Iran after the expiration of the UNSC embargo, “in isolation, it makes perfect sense” but such a move would “alienate several Iranian rivals across the Middle East, many of which are also strategic partners for China” — something that Beijing does not want. Will a Joe Biden victory put Egypt's 'special relationship' in danger? At the global level, China is engaged in a complex, multi-layered competition with the United States. Beijing also plans to deploy over 5,000 Chinese security personnel to protect its investments in Iran. The updated agreement echoes many of the points contained in previous China-Iran accords, and already in the public domain. The deal is the latest effort by Beijing to expand from a regional hegemon into a global power through the Belt and Road Initiative (BRI) which aims to reshape regional economic topographies in its favour. Every stage has been transparent, and once it is finalized, the details will be made public,” Iranian Foreign Minister Mohammad Javad Zarif told lawmakers last week as he was grilled over a controversial 25-year partnership deal with China. Wo Bus Business Chahta hai, and Pakistan took too long to decide which way to go….personal interests and political points scoring in this country destroyed any chance for Foreign investment, Our political differences, religious hatreds and financial crises are so wide that our eye sights are weakened so we’ll for future in future, hope this helps in global oil prices drop.

Trump trails in virtually every poll, but can he beat the odds again? The absence of specific references to the amount and exact allocation of resources, the implementation mechanisms, and clear deadlines suggest that the accord per se does not represent a major departure from the current trajectory of China-Iran relations, nor a blow to Beijing’s Persian Gulf strategy.

The move represents a major step forward in efforts to achieve peace on the Korean Peninsula. Much of the hype brewed around the agreement has been pushed by political figures and organizations that have agendas to promote. Doubtful,,,, if China will ever invest in Iran till American sanctions are in place! On the other side, Tehran will regularly supply Beijing with its oil for the next 25-years. The views expressed in this article belong to the author and do not necessarily reflect the editorial policy of Middle East Monitor or Informed Comment.

Beijing’s Iran strategy is affected by its increasing footprint in the Persian Gulf, where it cautiously develops a position centred on highly diverse ties with regional powers, along with its global confrontation with the US. Niranjan Jose is a law student at the National Law University Odisha (NLUO), India. Even if just a portion of what is envisaged under the planned Sino-Iranian deal comes to life, it presents a deadly threat to the campaign against Tehran by the Trump administration. Chinese firms will also have the first refusal on opportunities to become involved with any and all petchems projects in Iran, including the provision of technology, systems, process ingredients and personnel required to complete such projects. Russia, tangentially included in the new deal, also holds a seat, alongside the US, the UK and France.

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