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The growing Tehran-Beijing axis.(Inside Track)
The New American
|
August 18, 2008 |
COPYRIGHT 2008 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Communist China's ravenous energy appetite has fueled its growing political and economic ties with Iran's revolutionary government. On July 21, Iran's Pars Oil & Gas Company and China's CNOOC (China National Offshore Oil Corp.) finalized contracts to exploit Iran's North Pars gas field.
Iran's state-run Press TV channel reported on July 27 that "China's oil giant Sinopec Group has signed a big gas deal worth 100 billion dollars with Iran. Known as the 'deal of the century' by energy experts, Sinopec is going to buy 250 million tons of natural gas [over] 30 years from Iran, and will help Iran to develop its giant Yadavaran oilfield in ...
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Source: HighBeam Research, The growing Tehran-Beijing axis.(Inside Track)