Thursday, February 18, 2010

Can the Obama Administration Take Out China from Iran? Not a Chance

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By Barry Rubin

The Obama Administration keeps insisting China will support serious sanctions against Iran. Right now, however, Chinese state companies re currently developing the following oil projects in Iran: Kouhdasht; Yadavaran; North Pars gas field; North Azadegan oil field; Masjed Soleyman oil field; Garmsar block exploration and development. Most of these are still in development but are vital for the future of Chinese development. Total investment: well over $6 billion. And there’s a lot more Chinese involvement in Iran’s economy, including construction of a huge oil refinery.

Chinese policy isn’t political. They aren’t seeking to extend Communism or build an empire in the Middle East. They just want to make money and have reliable oil supplies. For more on this subject see here.

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