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[rtl]Release Date:: 9/9/2019 9:37 • 158 times read[/rtl]
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China plans to send 5,000 troops to Iran under an agreement between the two countries.
In a response to Donald Trump's aggressive foreign and trade policies and a bid to establish a rival economic system for the West, the Times of London published an article by Middle East correspondent Richard Spencer entitled `` China is courting Iran with $ 280 billion in oil investment ''.
The cash, which is part of a $ 400 billion agreement reached between the two countries in 2016, was confirmed in a visit to Beijing by Iranian Foreign Minister Mohammad Javad Zarif, according to the Petroleum Economist Business Journal.
The magazine adds that this will be planned to invest in a way that minimizes the repercussions of Chinese companies violating the US sanctions against Iran.
This investment will avoid China, according to the author, to deal in the US dollar, and will strengthen the use of its domestic currency yuan, which seeks to compete with the dollar in the international market as a global currency someday, in addition to the "other currencies" that China is gaining from international trade with countries with economies The weaker countries like Africa.
In return, China will get oil, gas and petroleum products at a competitive price 12% lower than the world price. The agreement will also include the presence of 5,000 Chinese troops in Iran to protect these investments, in addition to securing oil supply lines in the Gulf.
Details of the deal have yet to be announced in anticipation of any US backlash, but Iranian state media have reported leaks to some members of the Iranian delegation accompanying Zarif on his visit to sign the agreement with China.
Analysts believe that China and Iran are united by America's enmity and its attempt to curb and pressure them, especially after China's accession to the World Trade Organization in 2001 and the rapid growth of its economy to become one of the largest economic countries in the world.
This has been accompanied by a decline in China's oil imports due to the alliance of many oil producers with the United States and the control of the US navy on global shipping lines, which represented an opportunity for China to secure a long-term reserve of oil from Iran as a result of US sanctions.
Despite tougher US sanctions on Iran and new sanctions, China's imports of Iranian oil rose 80 percent, the article said, helping to keep the Iranian economy from collapsing.
"China has a habit of taking advantage of the crises in Iran's relationship with the United States to announce major investments while curbing their full exploitation," said Robin Mills, a Gulf energy expert.
http://alforatnews.com/modules/news/article.php?storyid=210222
[/rtl]
China sends 5,000 troops to Iran
[/rtl][rtl]Release Date:: 9/9/2019 9:37 • 158 times read[/rtl]
China plans to send 5,000 troops to Iran under an agreement between the two countries.
In a response to Donald Trump's aggressive foreign and trade policies and a bid to establish a rival economic system for the West, the Times of London published an article by Middle East correspondent Richard Spencer entitled `` China is courting Iran with $ 280 billion in oil investment ''.
The cash, which is part of a $ 400 billion agreement reached between the two countries in 2016, was confirmed in a visit to Beijing by Iranian Foreign Minister Mohammad Javad Zarif, according to the Petroleum Economist Business Journal.
The magazine adds that this will be planned to invest in a way that minimizes the repercussions of Chinese companies violating the US sanctions against Iran.
This investment will avoid China, according to the author, to deal in the US dollar, and will strengthen the use of its domestic currency yuan, which seeks to compete with the dollar in the international market as a global currency someday, in addition to the "other currencies" that China is gaining from international trade with countries with economies The weaker countries like Africa.
In return, China will get oil, gas and petroleum products at a competitive price 12% lower than the world price. The agreement will also include the presence of 5,000 Chinese troops in Iran to protect these investments, in addition to securing oil supply lines in the Gulf.
Details of the deal have yet to be announced in anticipation of any US backlash, but Iranian state media have reported leaks to some members of the Iranian delegation accompanying Zarif on his visit to sign the agreement with China.
Analysts believe that China and Iran are united by America's enmity and its attempt to curb and pressure them, especially after China's accession to the World Trade Organization in 2001 and the rapid growth of its economy to become one of the largest economic countries in the world.
This has been accompanied by a decline in China's oil imports due to the alliance of many oil producers with the United States and the control of the US navy on global shipping lines, which represented an opportunity for China to secure a long-term reserve of oil from Iran as a result of US sanctions.
Despite tougher US sanctions on Iran and new sanctions, China's imports of Iranian oil rose 80 percent, the article said, helping to keep the Iranian economy from collapsing.
"China has a habit of taking advantage of the crises in Iran's relationship with the United States to announce major investments while curbing their full exploitation," said Robin Mills, a Gulf energy expert.
http://alforatnews.com/modules/news/article.php?storyid=210222
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