Home / Centerstage / 2019 / january / Week 2 /
China offers Iran a $3 billion oil-field deal, capitalizing on U.S. sanctions waivers while European companies halt Iranian crude purchases. China's move contrasts with Italy and Greece, who fear the difficulties of financial transactions and trade with Iran. Sinopec, China's state-run energy giant, negotiates stringent terms for the deal, including purchasing Chinese-made equipment and immediate reimbursement of costs.
Wednesday, 16 January, 2019