Posted on 02/17/2006 7:10:50 AM PST by Jeff Head
SHANGHAI, China - China and Iran are close to setting plans to develop Iran's Yadavaran oil field, according to published reports, in a multibillion-dollar deal that comes as Tehran faces the prospect of sanctions over its nuclear program.
The deal is thought potentially to be worth about $100 billion.
According to Caijing, a respected financial magazine, a Chinese government delegation is due to visit Iran as early as March to formally sign an agreement allowing China Petrochemical Corp., also known as Sinopec, to develop Yadavaran.
The Wall Street Journal also reported in Friday's editions that the two sides are trying to conclude the deal in coming weeks before potential sanctions are imposed on Iran for its nuclear ambitions. The report cited unnamed Iranian oil ministry officials familiar with the talks.
The deal would complete a memorandum of understanding signed in 2004.
In exchange for developing Yadavaran, one of Iran's largest onshore oil fields, China would agree to buy 10 million tons of liquefied natural gas a year for 25 years beginning in 2009, the Caijing report said, citing Sinopec board member Mou Shuling.
(Excerpt) Read more at news.yahoo.com ...
China is in the middile of this mix, and, IMHO, they certainley aren't on our side of the fence.
Terribly similar to the fictional Dragon's Fury Series scenario.
FYI...not good.
Looking too similar, IMHO.
We need to stand firm and resolute...and we'd best have a lot of steel in our composition the way this is shaping up. I hope I am completely wrong.
It will be tough to drill for oil when everything glows.
But maybe there is an upside to this - along the lines of a typical "protection racket". China wouldn't want any "accidents" to happen that would disrupt deliveries of their petroleum products, would they? Remember (cough, cough) that little matter of the unfortunate Clinton-era bombing error that took out the Chinese embassy in Yugoslavia? Unless the Iranian regime suddenly becomes very, very cooperative on the nuclear front, some innocent bystanders could be hurt (cough, cough). But a little insurance could be had if China would twist a few mullahs' arms, which would guarantee that the gas deliveries continue uninterrupted (hint, hint)...
So far, you are only wrong with the Indians---and that could be a big "except."
The new carrier they are refitting is Russian and will be filled with Russian aircraft and defense systems. They have conducted exercises with the Chinese military right along with the ones they conduct with us.
We need, IMHO, to be much more active in recruiting and brining them solidly into our camp. I hope and pray...and believe...we shall.
I don't think so either, Jeff. Thanks for the ping!
The Chinese are aware of and applying this Sun Tsu saying..."All warfare is deception."
Just two bands of crazed thugs making a deal. Nothing to see here.
Yes, and they will use similar techniques against us (you wouldn't want to have any "accidents" with Los Angeles, would you?).
March 15, 2006 is just down the road, but I don't think the Chic*nts will make any moves until after the 2008 Olympics...until then, they want to look good, to the extent that any barbaric thugocracy can actually do so.
I was wondering if we send in ground troops what would be China's take on protecting her economic assets.
Is all of this gas and oil going to China via land routes?
And in the context could keep Pakistan in by acting as an "honest broker" between the two.
The wreckless dolts with their heads in the sand running the American gub'mint had better realize we're further suseptible to economic blackmail if we continue to ignore our own oil resources and refineries, and developing alternative fuel sources besides oil. AND QUICK.
Agreed. 2008 with the Olympics and an election here in the US is much more likely a time frame.
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