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Author Topic: Beijing's $100 billion deal with Tehran
Panama Jack
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posted 05 November 2004 06:49 PM      Profile for Panama Jack     Send New Private Message      Edit/Delete Post  Reply With Quote 


TEHRAN - Speaking of business as unusual. A mere two months ago, the news of a China-Kazakhstan pipeline agreement, worth US$3.5 billion, raised some eyebrows in the world press, some hinting that China's economic foreign policy may be on the verge of a new leap forward. A clue to the fact that such anticipation may have totally understated the case was last week's signing of a mega-gas deal between Beijing and Tehran worth $100 billion. Billed as the "deal of century" by various commentators, this agreement is likely to increase by another $50 billion to $100 billion, bringing the total close to $200 billion, when a similar oil agreement, currently being negotiated, is inked not too far from now.


From: Vancouver | Registered: Jul 2004  |  IP: Logged

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