looking beyond borders

foreign policy and global economy

China Inks Military Deal With Iran Under Secretive 25-Year Plan

One of the secret elements of the deal signed last year is that China will invest US$280 billion in developing Iran’s oil, gas, and petrochemicals sectors. This amount will be front-loaded into the first five-year period of the new 25-year deal, and the understanding is that further amounts will be available in each subsequent five year period, provided that both parties agree.

Read Here – OilPrice.com

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