Iran Invites China To Join 2,000km Oil And Gas Pipeline Project | This Will Crush Western Sanctions!
#china #project #invest #iran #usa #oil
Of all the countries in the Middle East, Iran is a country rich in energy resources. In petroleum energy, Iran’s reserves are as high as 13.7 billion tons, ranking fourth in the world. In terms of natural gas reserves, Iran also has 3.3 billion cubic meters, ranking second in the world.
In addition to its rich energy reserves, Iran borders Armenia, Azerbaijan and Turkmenistan to the north, Turkey and Iraq to the west, Afghanistan and Pakistan to the east, and the Persian Gulf and the Strait of Hormuz to the south. This geographical location makes Iran an important link connecting the East and the West and has extremely high geopolitical value.
But over the past few decades, Iran has been reluctant to follow U.S. policy and assert its position on the nuclear issue. This resulted in the United States not only beginning to restrict Iran’s oil exports, but also joining forces with other countries to put pressure on Iran in an attempt to force it to change its nuclear policy.
What is even more serious is that the United States is also trying to prevent Iran from conducting normal trade with other countries. According to statistics, due to U.S. sanctions, Iran’s oil exports dropped from 2.8 million barrels per day in 2018 to 1.8 million barrels per day in 2021, resulting in an annual loss of more than $1 billion.
In order to seek its own development, Iran focuses on developing its own energy industry and actively seeks cooperation with other countries. Now, Iran hopes to invite China to participate in the construction of an oil and gas pipeline project with a length of 2,000 kilometers.
For Iran, the project is seen not only as a way to deal with U.S. sanctions but also as a way to strengthen cooperative relations between China and Iran. So, what exactly is this project? How important is it?
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