Details zum Eintrag How Iran-China deal could alter the Middle East`s balance of power
17.07.20 9:47 [Middle East Eye] Welt - Süd-Süd-Kooperation (E)
The Iranian government has reportedly approved a draft 25-year deal with China on economic and political cooperation. Iran’s foreign ministry spokesman, Abbas Mousavi, said it was a proud moment for Iranian diplomacy.
Tehran has not revealed the full details of the agreement, but a previous report by the Petroleum Economist suggests that Iran is set to grant huge concessions to China, including significant discounts on oil and gas, and the ability to delay payments for up to two years and to pay in soft currencies.