Geostrategy-Direct.com China has withdrawn from a $5 billion deal to help develop Iran’s massive South Pars natural gas field. The action, announced by Iranian Oil Minister Bijan Zanganeh on the ministry’s SHANA website, came during continued intense pressure on both nations from the Trump administration and follows a series of military confrontations in the Persian […]
by WorldTribune Staff, October 26, 2018 In a major victory for U.S. President Donald Trump, China has instructed its export-finance bank and largest state-run oil refineries to cease purchasing Iranian oil. Reuters quoted Chinese officials as saying they feared running afoul of U.S. sanctions which kick in on Nov. 4, adding that it was uncertain […]
by WorldTribune Staff, November 8, 2016 Iran on Nov. 8 signed a $6 billion gas development deal with France’s Total. The deal is the first of its kind between the Islamic Republic and a Western energy firm since the nuclear deal with world powers took effect in January 2016. The deal for development of Phase […]
