China Iran sign 25 year comprehensive cooperation agreement to buy oil

On March 27 local time, China Iran officially signed a 25 year agreement on political, strategic economic cooperation. Chinese State Councilor foreign minister Wang Yi Iranian foreign minister Zarif signed the document in Tehran.

Earlier, the United States imposed sanctions on Iran, many countries restricted Iran's purchase of oil. However, at this critical moment, Iran's foreign ministry announced a big news. Iranian Foreign Ministry spokesman khatibuzzad officially announced that China Iran have reached a 25 year strategic agreement on oil purchase, China will continue to import oil Iran.

China is a big oil demander, while Iran is a big oil producer. The cooperation between the two countries can achieve mutual benefit win-win results. This time, both sides are very optimistic about the cooperation. China Iran have reached this strategic agreement for the sake of interests this time, so the United States must be unhappy again.

Since the then US President trump formally decided to withdraw the Iran nuclear agreement in 2018, he has resumed a large number of sanctions against Iran, including restricting Iran's oil exports to other countries. As a result, Iran's oil exports dropped rapidly, Trump's policy continued after Biden took office. Biden hopes to impose unilateral sanctions on Iran through blockade of Iran export of oil, so that Iran must compromise with the United States. In the face of U.S. sanctions, South Korea other countries also reduce imports Iran.

As a country rich in oil reserves, Iran is also an important oil producing country in the world. Oil is the lifeblood of Iran. Now facing US sanctions, Iran's economy is also declining, Iran is in a critical situation.

Although many countries in the world have been affected by US sanctions reduced cooperation with Iran, China has been firmly opposed to such unreasonable unilateral sanctions? China has also maintained close cooperation with Iran in recent years, importing a large amount of oil Iran.

According to China's data, China imported 89.57 million tons of crude oil in the first two months of this year, an increase of 4.1% compared with the same period. Now China's oil demand is large, strengthening cooperation with Iran can also ensure China's energy security. With the help of oil trade with China, Iran can break through the U.S. blockade obtain more revenue, so as to promote economic growth.

Before Biden came to power, he issued many signals to return to the Iran nuclear agreement. But for the moment, Biden's government only talks in words. If Iran does take the lead in compromising with the United States, the United States will give up. It is worth mentioning that it was the United States that took the lead in withdrawing the Iran nuclear agreement, Iran that took the lead in breaking the agreement. It must be clear who should take the initiative to talk about peace.

Nowadays, countries around the world are also urging the United States to quickly return to the Iran nuclear agreement continue to act to undermine regional peace stability. They also hope that the United States can adjust its policy hold talks with Iran next.

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Source: International Petroleum Network