China, With $400 Billion Iran Deal, Could Deepen Influence in Mideast
China and Iran signed 25 years investment agreement on Mar 27. Iran did not make the details of the agreement public before the signing, nor did the Chinese government give specifics. But experts said it believed that China agreed to invest $400 billion in Iran over 25 years in exchange for a steady supply of oil to fuel its growing economy.
The deal could deepen China’s influence in the Middle East and undercut American efforts to keep Iran isolated. But it was not immediately clear how much of the agreement can be implemented while the U.S. dispute with Iran over its nuclear program remains unresolved.
The draft also called for deepening military cooperation, including joint training and exercises, joint research and weapons development and intelligence-sharing.
Source: NYT #Mar27
https://www.nytimes.com/2021/03/27/world/middleeast/china-iran-deal.html
#IranChina25YearDeal #Iran #China
China and Iran signed 25 years investment agreement on Mar 27. Iran did not make the details of the agreement public before the signing, nor did the Chinese government give specifics. But experts said it believed that China agreed to invest $400 billion in Iran over 25 years in exchange for a steady supply of oil to fuel its growing economy.
The deal could deepen China’s influence in the Middle East and undercut American efforts to keep Iran isolated. But it was not immediately clear how much of the agreement can be implemented while the U.S. dispute with Iran over its nuclear program remains unresolved.
The draft also called for deepening military cooperation, including joint training and exercises, joint research and weapons development and intelligence-sharing.
Source: NYT #Mar27
https://www.nytimes.com/2021/03/27/world/middleeast/china-iran-deal.html
#IranChina25YearDeal #Iran #China