China is reportedly preparing to make a major investment in Iran's sanctioned sectors. It is stated that the investment amount is 280 billion dollars.
Petroleum Economist magazine, according to a source based on information from the Iranian Ministry of Oil, this investment will be realized under a new agreement signed between China and Iran.
In the same news, the Beijing administration intends to invest $ 120 billion in Iran's industrial infrastructure.
It was learned that the investments would be completed within five years of the effective date of the agreement. In the event that both countries agree, additional information will be shared.
5 THOUSAND CHINESE SECURITY OFFICERS WILL GO TO IRAN
In exchange for investments, Iran’s Chinese companies; oil, gas and petrochemicals will be given priority to participate in tenders for new, frozen or unfinished projects. This situation, about 5 thousand Chinese security officials on the grounds of the protection of the project to bring the need to send Iranian territory was expressed.
The security forces in question, Iran, China, the export products to be made from the Gulf reportedly will ensure safe passage.
32 PERCENT DISCOUNT
Under the agreement, China will receive a 32 percent reduction in oil, gas and petrochemical products from Iran.