Due to the increase in oil imports from China, Iran is also getting a lot of money. This is the reason why it has announced to develop the gas project on its own.
No information has been given to anyone about this deal. (File Photo)
Iran’s relations with India are also deteriorating amid strained relations with America. Iran has given a blow of billions of dollars by exiting India from the Farzad B gas project. It was discovered by ONGC Videsh Limited of India (India). Now Iran says that it will work on it automatically. Earlier Iran also rejected the proposal of $ 2 billion for India’s Chabahar railway link project.
Meanwhile, the closeness between Iran and China (China) is increasing. Recently, the two countries have reached an agreement of $ 400 billion for 25 years. Iran is facing a shortage of money, largely due to the restrictions imposed by the US which were implemented after the withdrawal of the nuclear deal in May 2018. However, after this deal with China, Iran is considering itself a rich country. Due to the increase in oil imports from China, Iran is also getting a lot of money. That is why it has announced to develop the gas project on its own.
Will help in starting 5G service
China and Iran have set a target to take their bilateral trade to $ 600 billion. According to the deal between the two, China will buy oil from Iran at a cheaper price for the coming 25 years and in return will invest in the fields of ports, railways, transport etc. Media reports are claiming that China will also cooperate in starting 5G service in Iran.
Iran can become part of CPEC
Many military cooperation has also been included in the deal between China and Iran. According to the news, 5 thousand Chinese soldiers can also be deployed in Iran. Relations between the two have become so deep that China wants to extend its ambitious project China Pakistan Economic Corridor to Iran. If China succeeds in its intentions, then it can pose a threat to India and America.
This deal also harms the interests of India. However, there is no tension between India and Iran. India had invested huge amount of money to develop the Chabahar port of Iran, but Iran’s recent decisions could lead to a breach in relations between the two countries.
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