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| Syria-Lebanon-Iran |
| Chicoms sign $70 bn deal with Iran MMs for oil and gas |
| 2004-11-01 |
| China has signed a $70 billion deal for the development of Iran's energy sector. And enabling of the Mad Mullahs China's state-owned Sinopec Group has signed a deal to develop oil fields and liquefied natural gas in Iran. The memorandum of understanding, signed on Oct. 28, called for Sinopec to purchase 250 million tons of LNG from Iran over the next 30 years. Export the natural gas and generate electricity Another element of the MoU was that Sinopec would develop the Yadavaran oil field. Officials said Iran was committed to sell Sinopec 150,000 barrels per day for 25 years at market prices. Iran has been the leading oil supplier to China, Middle East Newsline reported. Officials said Iran was negotiating a similar oil development and LNG contract with China National Petroleum Corp. Don't expect any help from the Chicoms over the MMs. What's a few nukes in Europe or the US to the Chicoms? |
| Posted by:Alaska Paul |
| #1 Oh, is that the new price for a favorable UN Security Council vote? |
| Posted by: Capt America 2004-11-01 7:36:27 PM |