The Duran
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China & Iran sign MASSIVE 25-Year $400BN infrastructure for oil deal
The Duran: Episode 925
Iran & China Sign Massive 25-Year Deal: $400BN Chinese Infrastructure Investment For Oil
Zerohedge
ZeroHedge – On a long enough timeline, the survival rate for everyone drops to zero
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
I wonder how the Chinese pay for the oil. In yankee dollars ? I don’ t think so. After being kicked out of SWIFT (which is hopelessly outdated anyway) Iran is back in the game with the China/Russia version of it. And Joe wonders where he is.
I believe they are paying for it by building infrastructure in Iran. The petro-dollar is rapidly becoming a thing of the past.
precisely. No money need be involved. The Chinese will trade building infrastructure in Iran vs. receiving oil as payment. quid pro quo.
I see. So they’ll pay the workers in little droplets of oil.
Franz – the contract is between the two governments, not between China and Iranian workers. Any Iranian workers hired to help build the infrastructure will be paid by the Iranian government in Iranian currency whatever it is Iranian workers are paid.
Our Uncle Joe not only wonders where he is, he also wonders where China is, and where Iran is, and probably also what oil is. Iran so deserves a powerful friend such as China. After the subservient US has destroyed Iraq on Israel’s behalf, destroyed Syria on Israel’s behalf (until Russia saved Syria), and Biden has now renewed the destruction of Syria, Iran is now the #1 target of Israel. Iran needs a friend as powerful as China.