‘Syriana 2’
China is set to plumb Iranian oil fields in a $100-billion deal, complicating U.S. efforts to isolate Tehran and providing Iran more money to pursue its nuclear ambitions. Can someone please call Stephen Gaghan to figure this one out for us? Or maybe this is a case for Truthdig's Orville Schell, who knows a thing or two about China?
AP
: SHANGHAI, Feb. 17 — China is hastening to complete a deal worth as much as $100 billion that would allow a Chinese state-owned energy firm to take a leading role in developing a vast oil field in Iran, complicating the Bush administration’s efforts to isolate the Middle Eastern nation and roll back its nuclear development plans, according to published reports.
The completion of the agreement would advance China’s global quest for new stocks of energy. It could also undermine U.S. and European initiatives to halt Tehran’s nuclear plans, possibly generating friction in Beijing’s relations with outside powers.
Truthdig says: What is this? A spec script for “Syriana 2”? Can someone please call Stephen Gaghan to figure this one out for us? Or maybe this is a case for Truthdig’s Orville Schell, who knows a thing or two about China?
Your support matters…Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Business & Economy
Among the changes, import duties on lithium-ion EV batteries will triple by the end of this year in a move to bolster American manufacturing.
Economic Justice
The tax credits are too complicated and trade warriors are blocking cheaper Chinese models.
Asia Pacific
Biden envoy, Joseph Yun, helped shape defensive policy for the Pacific islands while consulting for a private firm that represents a massive conflict of interest.
Asia Pacific
The celebration of a "categorical leap” in Japanese rearmament risks inflaming tensions in the Pacific.
Politics
We should actively pursue policies in the national interest, not intentionally inflame tensions at the expense of international cooperation.
Editorial Cartoons
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.