China and Iran Part 2

Iran, China to sign $3 billion contract to upgrade Iranian refining capacity – Mehr news agency

Jan 18, 2017

  • Iran and China will sign a $3 billion contract next month to upgrade Iran’s oil refining capacity, according to Iran’s Mehr News agency. Iran’s deputy oil minister Abbas Kazemi said in Tehran on Tuesday that the deal will focus on upgrading the Abadan oil refinery, Mehr said.

China’s Iran oil imports to hit record on new production: sources

Jan 5, 2017

  • China’s Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said. Chinese firms were expected to lift between 3 million to 4 million barrels more Iranian oil each quarter in 2017 than last year, four sources with knowledge of the matter estimated. That would be about 5 percent to 7 percent higher than the 620,000 barrels per day (bpd) of Iranian crude the country has imported during the first 11 months of 2016, according to the customs data.

China to invest $2bn in Sarakhs SPEZ

26 December 2016

  • Managing Director of Sarakhs Special Economic Zone (SPEZ) Ahmad Sadeghi Golmakani said an MoU had been inked with a Chinese firm for making two billion dollars of investment.

Iranian port aims for Silk Road registration


  • The central Iranian dry port of Yazd is pushing for registration in the Silk Road plan, said a senior official in a report. China is preparing to transit goods to Europe via Iran, Hossein Ezabadi, commercial manager, Pishgaman Dry Port Kousar Company, was quoted as saying in an Iran Daily News report. He added that the cooperation will come as part of China’s New Silk Road plan and is backed by Asian Development Bank.

Iranian and Chinese Universities Seal Deal to Work on Joint Scientific Projects

Dec 10, 2016

  • The Institute of Materials and Energy (MERC) in Karaj, Iran and Beijing University of Chemical Technology (BUCT) recently signed a memorandum of agreement (MoU) to foster closer scientific cooperation. The MoU was signed by Dr. Mohammad Mahdi Hadavi, MERC chief Executive Officer, and Tan Tianwei, president of Beijing University of Chemical Technology.

FM: Iran after Strategic Ties with China

December, 05, 2016

  • Iranian Foreign Minister Mohammad Javad Zarif voiced the country’s willingness for strategic relations with China, particularly in the economic sphere. Speaking to reporters upon his arrival in Beijing on Monday, Zarif said Iran is determined to work with China as a “strategic partner.”

Iran, France And China To Develop $6 Billion Gas Field In The Persian Gulf

November 8, 2016

  • A preliminary deal between Iran and France’s Total SA to develop an offshore Persian Gulf gas field represents the first investment by a Western energy company since international sanctions were relaxed earlier this year. The $6 billion deal between Total and Iran’s state-owned Petropars includes the participation of China National Petroleum Corp. in a consortium to develop what’s known as the South Pars field estimated to contain 14,000 billion cubic meters of gas, or about 8 percent of the known global reserves.

Iran’s Sanda team en route to China

31 October 2016

  • National Iranian Sanda team, comprising seven wushu practitioners, will depart for Xi’an of China to participate at the 8th Sanda World Cup.

Tehran hosts Sino-Iranian friendship conference as ancient Silk Road backs to life

October 24, 2016

  • Attendees from Iran-China Friendship Society (ICFS) and Chinese People’s Association for Friendship with Foreign Countries (CPAFFC) along with some officials and merchants from both nations are holding talks during the 4-day event to discuss tourism and trade issues. Several speakers used the context of “One Belt, One Road” initiated by Chinese President Xi Jinping in 2013, as an example of the growing ties between Eurasian nations. The initiative as a development strategy and framework touches on tightening connectivity and cooperation among Eurasian countries dotted along the ancient trade route by the means of both inland and marine courses.

Rouhani calls for more active Chinese role in ME

9 October 2016

  • Iran’s Hassan Rouhani has hailed Chinese initiative to revive historical Silk Road where Iran would find its place in the traditional trade route. President Rouhani is in a tour of Southeast Asian counties and participated in Asia Cooperation Dialogue (ACD) on Sunday, where he also received Chinese Vice-President Li Yuanchao to discuss bilateral relations and Chinese possible contribution to the pressing issues of the Middle East. “Iran has always viewed China as important and we welcome post-JCPOA opportunities where China would develop a strategic cooperation with Iran to contribute to our national economies,” Mr. Rouhani said. “We welcome Chinese investments in our oil and energy sectors, along a belief that scientific and cultural relations would also provide opportunities for strengthening ties.”

Iran, China start co-op on Arak facility

7 October 2016

  • Iran and China have started cooperation on the Arak heavy water facility, Iran’s Deputy Foreign Minister Majid Takht-Ravanchi said, IRNA reported Oct. 7. Under the nuclear agreement, achieved between Iran and P5+1 (the US, the UK, France, China, Russia plus Germany) and implemented in January 2016, Iran removed the Arak reactor’s core and a new reactor with minimum plutonium production capacity will be installed there.

China to develop Iran’s largest refinery

10 September 2016

  • Deputy oil minister has announced the final agreement between Iran and China’s Sinopec for development of Abadan Refinery. Touching upon the latest Iran-China oil deal, Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi said “final agreement has been reached with Sinopec (China Petroleum & Chemical Corporation) to implement the first developmental phase of Abadan Refinery as the country’s largest refinery complex.

Chinese Vice Premier Hopes to Step Up ‘Pragmatic Cooperation’ With Iran


  • Chinese Vice Premier Wang Yang urged Iran on Wednesday to take their bilateral cooperation to the next level, at a meeting with visiting Iranian Finance Minister Ali Tayyebnia, local media reported. “The two sides should…step up pragmatic cooperation in all sectors to push bilateral cooperation to a new high,” Wang was quoted by the Xinhua news agency as saying in Beijing.

Why Iran Plays a Key Role in China’s New Silk Road Project


  • Iran’s geostrategic location has made it the key link in China’s New Silk Road to Europe, while the Middle East has become one of Beijing’s geopolitical pivots. Following the inking of the Iranian nuclear deal, Beijing has bolstered its economic and political ties with Tehran and with good reason: Iran is not only a prospective supplier of oil and natural gas but also the key geostrategic region for the China-led New Silk Road project.

China, Iran to jointly build oil terminal in Persian Gulf

June 14, 2016

  • China and Iran have signed a contract to jointly establish an oil terminal on Qeshm Island in the southern Persian Gulf, which will turn the island into an important hub for oil production and reserves, Iran’s official media reported. Iran’s Machine Making Co. signed the contract, valued at $550 million, with China’s largest heavy industry enterprise to build the island into Iran’s largest oil production and reserve base.

Iran now shipping destination internationally

11 June 2016

  • The deal was commissioned during China Express Exhibition on transport and post where Chinese Yunda will act as direct representative of Iran through TPG to facilitate direct shipping to Iran as international destination for goods and other commodities in cheaper prices than before when sanctions were hitting Iran’s economy. Post Office of the Islamic Republic of Iran had secured cooperation deals with international organizations as DHL, Ebay, and Amazon to include Iran in their shipping list for international destinations after JCPOA implementation.

Chabahar port agreement not finished yet, China and Pakistan are welcome to join: Iranian envoy

May 28, 2016

  • Iranian Ambassador to Pakistan Mehdi Honerdoost has said that the Chabahar port agreement between India, Iran and Afghanistan is not finished yet and Pakistan and China are welcome to join, reported Dawn. He said the two countries were approached for their cooperation earlier, but they did not show any interest in the project then. Speaking at the Institute of Strategic Studies in Islamabad, he insisted that “Chabahar is not a rival to Gwadar” port. “The deal is not finished. We are waiting for new members. Pakistan, our brotherly neighbours and China, a great partner of the Iranians and a good friend of Pakistan, are both welcome,” he said. He said India was a “good friend” to Iran when sanctions were imposed on the country. “India was the only country to import oil from us during sanctions,” Honerdoost said.