China offers billion-euro loan for Iran projects

[demoleft]

Source: afp

AFP - Beijing has offered a loan of one billion euros (1.2 billion dollars) to fund projects in Tehran, a report said on Sunday, in a sign of increased Chinese participation in the Iranian economy.

Iran's Fars news agency, quoting a senior official from Tehran municipality, said the loan would have a repayment period of three to four years.

...

Several Western energy companies have left Iran amid the increasing possibility of a new round of UN sanctions against Tehran for pursuing its controversial nuclear programme of uranium enrichment.

They are being replaced mainly by Chinese and Iranian firms.

Read more: http://www.france24.com/en/20100530-china-offers-billion-euro-loan-iran-projects

[dipsydoodle]

1. Inevitable

They're filling a vacuum using their substantial reserves - loaned and repayable in either Euros or maybe even oil.

[Adsos Letter]

2. Yep. Realpolitik didn't start with us

and it ain't gonna end with us, or in spite of us.

[Dover]

8. ...or gold. n/t

[Joanne98]

3. LOL

[hayu_lol]

4. Dipsy...you hit the derrick on the head...

China is in competition for oil with India...China is making a deal for Euros or Oil or both.

[madrchsod]

5. and natural gas....the next world war will be in the east

[Robb]

6. Wholly unsurprising.

Iran is critical to China's energy infrastructure plans. If you look to all intergovernmental loans China has extended in the last 12 months, as well as infrastructure development agreements, that are, say, over $500 million, you'll notice a fun pattern.

Uzbekistan, Turkmenistan, Tajikistan, Pakistan, Afghanistan.

We're not in this picture:


...and we're not going to be.

[Dover]

9. ...pipelines to build through Pakistan to China. And so true - their 'us' does not include U.S.

Not to worry. We are swimming in oil. We've got a Gulf full of free flowing black gold.
Last one in is a dead pelican!

[L0oniX]

7. So uhm ...they are funding a terrorist organization ...and no one says shit about it?

But if it's the Red Cross aiding Afgan war victims/Taliban then ...oh noes we got to go after them.

[Prometheus Bound]

10. It's not quite accurate to call the municipality of Tehran a terrorist organization.

That may be why no one but you is complaining.

[L0oniX]

11. Uhm ...Iran has been designated a terrorist country last I heard.

Oh yea ...I am the only one complaining. I suppose you wait until you have a majority before you give any opinion.

[Prometheus Bound]

12. Why would China care about a US list? The US has Cuba on the same list.

[L0oniX]

13. I was trying to point out a double standard.