Iran & China Sign Massive $400BN 25-Year Oil Infrastructure Deal

Iranian President Hassan Rouhani meets with Chinese Foreign Minister Wang Yi, in Tehran, Iran, March 27, 2021. © REUTERS

Reuters: Iran and China sign 25-year cooperation agreement

DUBAI (Reuters) -China and Iran, both subject to U.S. sanctions, signed a 25-year cooperation agreement on Saturday to strengthen their long-standing economic and political alliance.

“Relations between the two countries have now reached the level of strategic partnership and China seeks to comprehensively improve relations with Iran,” Chinese Foreign Minister Wang Yi was quoted by Iran’s state media as telling his Iranian counterpart Mohammad Javad Zarif.

“Our relations with Iran will not be affected by the current situation, but will be permanent and strategic,” Wang said ahead of the televised signing ceremony.

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WNU editor: China is definitely leveraging its financial strengths in the Middle East .... China shows it too can play rough in the Middle East (Asia Times).

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