Iran, China Sign a Major Oilfield Deal

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	Iran, China Sign a Major Oilfield Deal

sahara

9-28-2009 6:06 PM

113 views

sahara says:

This can't be good...

"China's investment in Iran's energy sector has increased as some western countries, led by the US, have sanctioned Iran over its peaceful(???) nuclear program. "

Iran has also recently dropped the US dollar, and we owe China billions in debt.

http://www.nytimes.com/2009/01/08/business/worldbusiness/08yuan.html?_r=1

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/91686d3d-1ae0-4e31-8e5c-b57b97871248/D9D62160-7865-4371-9F6F-574D527F31E2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.presstv.com/detail.aspx?id=107324&sectionid=351020103" href="http://www.presstv.com/detail.aspx?id=107324&sectionid=351020103" style="font-size: 11px;">www.presstv.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.presstv.com/detail.aspx?id=107324&sectionid=351020103"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.presstv.com/img/89AAE1D2-9B4D-4716-8909-1AEC742A9763" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.presstv.com/detail.aspx?id=107324&sectionid=351020103"><DIV>China National Petroleum Corp (CNPC) has signed a contract with National Iranian Oil Company (NIOC) for the development of Iran's South Azadegan oilfield.
</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.presstv.com/detail.aspx?id=107324&sectionid=351020103"><DIV>The Chinese company will buy a 70 percent share of the whole project, according to an agreement signed Sunday in Lausanne, Switzerland between CNPC and NIOC's overseas investment subsidiary, Naftiran Intertrade Company (NICO) that covers a 90 percent stake in the project.
</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.presstv.com/detail.aspx?id=107324&sectionid=351020103"><DIV>CNPC, which won a bid in January to develop the North Azadegan oilfield, now holds a 70 percent share of the project with NICO holding 20 percent, and Inpex of Japan having the remaining 10 percent. 
</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.presstv.com/detail.aspx?id=107324&sectionid=351020103"><DIV>The South Azadegan project is slated to produce 260,000 barrels of crude oil per day, and its development will cost around $2.5 billion.
</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.presstv.com/detail.aspx?id=107324&sectionid=351020103"><DIV>Iran provides 14 percent of China's demand for oil.
</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.presstv.com/detail.aspx?id=107324&sectionid=351020103"><DIV>China's investment in Iran's energy sector has increased as some western countries, led by the US, have sanctioned Iran over its peaceful nuclear program. 
</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D9D62160-7865-4371-9F6F-574D527F31E2/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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