Zlatattack
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Iran and China have updated a 25-year deal signed first in 2016 that foresees $400 billion of Chinese investment in the resource-rich Middle Eastern nation, well-regarded energy industry publication the Petroleum Economist reports.
“The central pillar of the new deal is that China will invest $280 billion, developing Iran's oil, gas and petrochemicals sectors,” said the monthly magazine which spoke to “a senior source closely connected to Iran's Petroleum Ministry” during Zarif’s visit.
This amount may be front-loaded into the first five-year period of the deal but the understanding is that further amounts will be available in every subsequent five-year period, subject to both parties' agreement, it said.
“There will be another $120 billion investment in upgrading Iran's transport and manufacturing infrastructure, which again can be front-loaded into the first five-year period and added to in each subsequent period should both parties agree,” it added.
https://www.presstv.com/Detail/2019/09/04/605301/Iran-China-investment-oil-gas-railway-US-Russia
Big implications for US designs on Iran. The Chinese have just come in and put themselves firmly in the Iranian corner, like Russia did in Syria.