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China signs $70 billion oil and LNG agreement with Iran
The Daily Star ^ | Oct 30, 2004 | Agence France Presse (AFP)

Posted on 10/30/2004 10:17:37 AM PDT by Jeff Head

BEIJING: State oil giant Sinopec Group has signed a $70 billion oil field development and liquefied natural gas agreement with Iran, China's biggest energy deal with the No. 2 OPEC producer, an Iranian official said Friday.

The preliminary deal may yield political benefits far sooner than commercial ones as Iran courts China's favor on the UN Security Council, where Beijing holds a potential veto over any action against the Islamic Republic's nuclear program.

Under a memorandum of understanding signed Thursday, China's second-largest oil firm, Sinopec Group, will buy 250 million tons of LNG over 30 years from Iran and develop the giant Yadavaran field, said Seyed Mehdi Hosseini, deputy general manager of the National Iranian Oil Company.

REST OF STORY HERE


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Front Page News; Government; News/Current Events; War on Terror
KEYWORDS: axisofevil; china; dragonsfuryseries; energy; freeperjeffhead; hegemony; iran; islamicthreat; jeffhead; oil; pipeline; radicalislam; redchinathreat; southwestasia; waronterror
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This is very worriesome news. Red China is setting itself up to veto and counter any action against Iran...politically and potentially militarily.

We need to watch this closely amidst all the other gotcha's out there.

Sadly, this is an instance of reality playing into the absolute shades of:


THE DRAGON'S FURY SERIES

A techno-thriller series about America and World War

1 posted on 10/30/2004 10:17:37 AM PDT by Jeff Head
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To: joanie-f; Dukie; Squantos; JohnHuang2; k.trujillo; Travis McGee; jim macomber; Critter; Lurker; ...

FYI...not good news.


2 posted on 10/30/2004 10:19:01 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: Jeff Head

Sorry, but this doesn't pass my global test.


3 posted on 10/30/2004 10:19:53 AM PDT by Carling (What happened to Sandy Burglar's Docs?)
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To: Jeff Head

India & Japan are also heavily dependent on Iranian oil,but it probably won't mean those 2 will stick their heads out for Iran fully.Besides Iran's conventional military forces have not had access to top of the line Russian or Chinese weaponry-the only thing to worry about is their non-conventional(which no one has a concrete idea about) & terrorist infrastructure.


4 posted on 10/30/2004 10:22:33 AM PDT by sukhoi-30mki
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To: Jeff Head

Chicoms are flexing their US Dollars' muscle.


5 posted on 10/30/2004 10:22:49 AM PDT by jungleboy
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To: Jeff Head

Didn't that happen in Vol.I?


6 posted on 10/30/2004 10:22:52 AM PDT by Doomonyou (Molon Labe! FMCDH!)
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To: Carling

Exactly...all the more reason for keeping John Kerry's grubby, power hungry, treacherous, treasonous, lieing, fraudulent, appeasing, socio-marxists hands away from the Presidency!


7 posted on 10/30/2004 10:24:00 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: jungleboy

Yes they are...using our own respources against us...pure D, Sun Tsu.


8 posted on 10/30/2004 10:25:27 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: Doomonyou

Yep.


9 posted on 10/30/2004 10:25:42 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: Carling

somewhat predictable. Last week Iran announced pipeline connecting the two countries to ship oil east to china. The Iranian's are not dumb, they know the way to get their nukes is to bribe the chinese, pay off the russians for the new reactor, and then just continue to ignore the british,french, german iniative on uranium enrichement. Where will this leave the US? It will leave us as the ones who once again have to play global cop and either we, or the israelis will have to deal with both the reactor and uranium enrichment/nuke weapons sites.


10 posted on 10/30/2004 10:26:32 AM PDT by milwguy
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To: sukhoi-30mki
It's a worriesome development...meant to send a message. The Chinese will work hard, and maybe fight, to keep such an agreement in place once it gets pumping so to speak.
11 posted on 10/30/2004 10:26:43 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: Jeff Head

Looks like the revolution is going to have to kick up a notch.

The deal is with the mullahs, not the people.


12 posted on 10/30/2004 10:27:51 AM PDT by Tarpon (Hate is not a plan for America)
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To: Jeff Head

China is gonna be left holding the bag. Israel is going to take care of Iran for us (and themselves). Then China can deal with a free Iran. If we have to kick Chinese butt, so be it. There may be a lot of them, but we're *still* The Good Guys and will win. Eventually. At a huge cost. But *We Will Win*.


13 posted on 10/30/2004 10:30:59 AM PDT by toomuchcoffee
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To: Tarpon

Exactly...the people of Iran are going to have to act soon...and we will need to support them before the ChiComms get too entrenched with resources to keep the mullahs in power.


14 posted on 10/30/2004 10:31:56 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: milwguy

Spot on analysis IMHO! Thanks for putting it so succinctly.


15 posted on 10/30/2004 10:32:43 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: toomuchcoffee

Exaclty...the processing of uranium and development of weapons needs to be stopped post haste. Things are starting to move as alliances and sides are solidified (that I believe have been building for a long time specifically to confront us).


16 posted on 10/30/2004 10:34:39 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: Jeff Head
FYI...not good news.

Hmmm, where have I read this scenario before??? Are the 200 million on the march yet? The Bible is an amazing book is it not. Along with your series of course ;^)

FGS

17 posted on 10/30/2004 10:34:49 AM PDT by ForGod'sSake (ABCNNBCBS: An enemy at the gates is less formidable, for he is known and carries his banner openly.)
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To: DoctorZIn

FYI...the revolution needs to kcik in before the Red Chinese get too entrenched.


18 posted on 10/30/2004 10:36:04 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: ForGod'sSake

It is very likely that Israel will take out the nuclear development facilities. If they do, and the Chinese are entrenched enough...things could move quickly.


19 posted on 10/30/2004 10:37:38 AM PDT by Jeff Head (www.dragonsfuryseries.com)
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To: toomuchcoffee

Maybe now people will see the value in lowering the value of the American dollar, since China owns so much of it.

On the other side of the coin, maybe China can participate a bit more in the thankless job of keeping the oil shipping lanes open, a thankless job that the USA has been doing almost entirely on it's own, for the benifit of China and Japan and Europe, who are far more dependant on middle east oil than North America is, and they are becomming more so with each passing year.


20 posted on 10/30/2004 10:37:55 AM PDT by Nathan Zachary
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