China is planning Big Investment in Iran's Oil & Gas, Transport and Manufacturing Infrastructure
INTERNATIONAL (Pak Bulletins): On Tuesday 03 Sept 2019, Petroleum Economist published an article on their official website revealing China's next big investment destination i.e. Iran. According to details, China will invest $280bn developing Iran's oil, gas and petrochemicals sectors additionally $120bn in upgrading Iran's transport and manufacturing infrastructure. Payments in currencies evading US$.
Highlights of the deals are
- $280bn — Chinese investment in Iranian oil, gas and petchems sector
- [The deal] will include up to 5,000 Chinese security personnel on the ground in Iran to protect Chinese projects
- The Iranians expect three key positives from the 25-year deal, according to the source.
- The first flows from China being one of just five countries to hold permanent member status on the United Nations Security Council (UNSC).
- A second Iranian positive is that the deal will allow it to finally expedite increases in oil and gas production from three of its key fields.
- A final Iranian benefit is that China has agreed to increase imports of Iranian oil, in defiance of a US decision not to extend China's waiver on imports from Iran in May.
Original Source: China and Iran flesh out strategic partnership
China will invest $280bn developing Iran's oil, gas and petrochemicals sectors additionally $120bn in upgrading Iran's transport and manufacturing infrastructure. Payments in currencies evading US$.https://t.co/Rack5FZbU5— Muhammad Ibrahim Qazi (@miqazi) September 4, 2019
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