Categorized | USA, China, Iran

A blow to Washington… China to invest $280 billion in Iranian sectors targeted by sanctions

It only takes one person to stand up to a bully – and it only takes one country to stand up to the bullying, sanctioning, war-mongering United States of America.

September 7, 2019

China is planning to invest $280 billion in Iran’s oil, gas, and petrochemical sectors that are being affected by US sanctions, according to Petroleum Economist magazine. The energy affairs magazine quoted a senior source who was linked to the Iranian Oil Ministry, as stating that this enormous investment represents a key point in a new agreement between the two countries.

This was confirmed during Iranian foreign minister Mohammad Javad Zarif’s visit to China in late August, to present a roadmap for the strategic comprehensive partnership agreement, which concluded in 2016. According to the magazine, Beijing also pledged to invest $120 billion in Iran’s oil sector and industrial infrastructure.

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