China Shuns US And Invests Direct In Iran Oil-Fields

Tyler Durden's picture

Between Clinton's 'prices to be paid' and Obama's new trade-war, is it any wonder the Chinese have decided to escalate their 'more-than-rhetoric' from bartering away from the USD. After ignoring the sanctions and then receiving their exemption, PressTV reports tonight that China is to invest in developing north and south Iranian oil fields (which will produce 700,000 barrels per day of crude). One of the oil fields, Azadegan, has one of the world’s largest oil deposits, with in-place oil reserves estimated at 42 billion barrels - enough to tide China over a for a while - as Iran's Oil Minister Rostam Qasemi adds after 10-15 years of negotiations the decision has finally (and coincidentally very timely) been reached as "the Chinese side has started its activities by investing USD 20 billion in the oil fields".


Via PressTV:

Iran's Oil Minister Rostam Qasemi says China has agreed to invest USD20 billion in developing north and south Azadegan and Yadavaran oil fields which will finally produce 700,000 barrels per day (bpd) of crude oil.


Speaking to reporters in a visit to the Petropars Company on Sunday, the oil minister said the agreement for developing Azadegan and Yadavaran oil fields has been reached after 10-15 years of negotiations with the Chinese side.


He added that the Chinese side has started its activities by investing USD20 billion dollars in the oil fields.


"So far more than 20 drilling rigs have been installed in Azadegan and Yadavaran oil fields and plans have been made for the daily production of 700,000 bpd of crude oil [when development of both fields is complete],” Qasemi stated.


The minister said contracts have been signed for the development of 12 new oil fields in the past few months, adding, “Development of some fields, including Azar and Changouleh oil fields has also begun.”


Qasemi said necessary measures have been taken for the development of Darkhoein and Mansouri onshore oil fields as well as offshore fields such as Farzad A.


Yadavaran oil field is located in the southwestern Khuzestan Province bordering Iraq. The development project of the oil field is expected to be implemented in three phases. Upon the completion of all phases, some 300,000 barrels of oil are expected to be pumped out on a daily basis.


Azadegan oil field has one of the world’s largest oil deposits, with in-place oil reserves estimated at 42 billion barrels.


Iran holds the world's third-largest proven oil reserves and the second-largest natural gas reserves.


The country's total in-place oil reserves have been estimated at more than 560 billion barrels, with about 140 billion barrels of extractable oil. Moreover, heavy and extra heavy varieties of crude oil account for roughly 70-100 billion barrels of the total reserves.

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Damn currency manipulators.  /sarc

Max Hunter's picture

What the hell makes those Chinese think they can do what's in THEIR inerest and not in OUR (and Israhell of course) interest?  FUCKERS !!  That's it.. No more selling them our debt !!

Ray1968's picture

Your point is spot-on. Why would they play our game that benefits us? If the situation were reversed, you better damn well believe that's exactly what we'd do. So, we're suprised by what again?

knukles's picture

Some seriously anal red arrows here tonite.

knukles's picture

Ya know, they just might (the real ones, official ones, paid ones) be doing that.  Need to jawbone the blog-o-space.  Shit, they're intervening in every last market, pasting and duct taping over every goddamned symptom, issuing ever increasingly idiotic proclamations, only making matters worse.
And it does feel... odd here tonite.

The tone...

Someptin' goin' on here, Luchie
You can't kid me...

Freewheelin Franklin's picture

I have had plenty of encounters with ones from both sides of the aisle.

Bringin It's picture

Sorry, what aisle are you refering to? 

Isn't all the incoming seems to be coming from the same direction?

What/which Heglian divide are you refering to?

msjimmied's picture

Very odd. Almost like someone is skewing the ratio so none of it makes sense. Just noticed it this evening. Even though we all have differing points of view, the greens and reds are generally awarded for thought, and the supporting argument. OK, sometimes just because they are funny as hell. The rating made sense. Today nothing does. This is good in a way. It's a pretty tight community when any tinkering is obvious almost right away. Do we throw out someone with a different POV? no, but someone just out to mess things up, I would like to know there is a bouncer around. 

LowProfile's picture

---> USA will back off to keep the USD on life support a bit longer, even if it means Iran gets the bomb

---> USA will pull the plug on the USD and go to war to keep Iran from getting the bomb

Tippoo Sultan's picture

Fine picture selection -- "There Will Be Blood." Outstanding film.

Never go bowling with Daniel Plainview..

ToNYC's picture

The bomb as a useful tool went out with Dr. Strangelove in 1963. It does still register with whining nitwits who fail Demographics 101...losers.

hoos bin pharteen's picture

"The bomb" is extremely useful.  Such devices are used every single day.  Only a few possessors of such things (e.g. the UK and France) arguably don't have much use for them today.

Bringin It's picture

LowProfile - Excelent, succinct depiction of what's going on.

Notice how you attracted distraction right away.  That means your shot made contact somewhere.

LowProfile's picture

Down arrows seem to indicate there's only a handful here.  I would imagine the meat trolls are getting spread rather thin these days what with the proliferation of alternate media outlets and the mini-gun article posting here. 

A.I. responses really aren't that sophisticated, if you look you can easily spot the bot responses on things like Yayhoo Finance, and that shit doesn't work too well here (e.g. partisan shit gets shouted down pretty fast); and the level of discourse here is almost always too complex for A.I. to do anything but seem wildly out of place.

I wonder how these SOBs are going to explain the hole in their resume's.

bankruptcylawyer's picture

you left off the third choice. BOTH. eventually china will be forced to use the nuetron financial bomb known as a treasury dump , the u.s. will crash and this will all coincide with major war.

knukles's picture



Goin' down the drain
Fast's can be


toady's picture

I was watching some talking heads this morning and the one representing Asia/China flat-out said they don't give a shit about the West. Two to three years and the US is in the shitter, so why should they care?

Pretty ballsy talk, but I couldn't disagree...

Jack Burton's picture

Yes toady, I agree with you. I haven't checked the talking heads on this issue yet, but I would expect this Iranian oil investment deal is the "Line in the Sand Moment" for China. They have had it with orders coming from Washington telling them what they can and can not do.

I suspect China has decided that they have heard enough threats, lies and abuse coming out of the  mouth of that neo-con whore MS Clinton. She demands this, she threatens war, she lies, she abuses and plots murder and mayhem around the world. Why would China listen to that slut anymore?

I think Washington is having meetings right now to decide how to handle this new independent China and it's move to invest in and support Iran's oil industry.

All this story needs now is for Russia to stop taking orders from Israel and the US Pentagon and to sell Iran the Anti Aircraft Missile systems it needs to defend it's airspace. So far Russia has met US and Israeli demands that no truely modern mobile AA missile systems be sold to Iran, thus leaving them open to a massive air attack by Israel and NATO.

WIth China supporting Iran's economy via oil investment and purchases Iran would have the money needed to buy systems like S-300 and maybe even ultra modern S-400. In that case the opeing air assualt by NATO will see a loss rate in aircraft that would reduce the air war to no more than a couple of weeks before losses mounted to a point where attacks would have to be limited.

Clearly China has opened a new front, a front that says NATO will no longer dictate China's economic future. They know how bad America's and the EU's fiscal situation is, they are waiting for us to implode!

This move by China may make war inevitable as the Clinton whore says "China and Russia must pay a price." And lastly, I think this move also may mean China and Russia are not going to let NATO conquer Syria as the west is preparing it's air campaign at this very moment according to the war monger slut MS CLinton!

americanspirit's picture

Hi Jack Burton - you call Hillary a slut and a whore but seriously who would want to fuck her much less pay for it? I would substitute traitor and warmonger. They do what they do for free.

Jack Burton's picture

Yes, my mistake. You are absolutely correct. Traitor and Israeli spy fits her better!

toady's picture

No no no!

Your post is very good, except the Hillary name calling. No slut, no traitor, none of it!

Cut all that out and there is nothing left to argue against.

Cathartes Aura's picture


They have had it with orders coming from Washington telling them what they can and can not do.

perhaps they (continue to) take orders from elsewhere, and "Washington" is past its sell by date. . .

macfly's picture

Well that'll make going to war with Iran a whole lot harder!


You mean the spread of democracy a lot harder. 

dubbleoj's picture

but my freedom fries will be a lot freedomer

Omen IV's picture

the Iranians coupled with Russia and China are playing bush and obama administrations like a violin - the chinese build long term business with serious investment -the same in africa and south america while the usa military industrial complex keeps killing -  bush gets to TWO wars and trillions in debt for ? and obama keeps them going rather than head for the exit -

iran with china is powerful combination and in chinese tankers the usa has a real problem


hungrydweller's picture

That's becuase Obama is too fucking stupid to realize that he was played even before he took the "oath".

Dr. Sandi's picture

Obama is holding a 20 dollar bill in his hand while freshly spurted semen drips down his face.

It makes it hard to convince most of us that he thought it was a banana in his mouth and not a dick.

Tom Green Swedish's picture

Its sort of funny. Before Bush and Clinton we actually did the same thing to China and Russian.  Time for a real change.  Cliton as Secretary of State and AA Monkey is really sucking right about now.

Bringin It's picture

Re. played like a fiddle - Anyone else notice that while trying to encircle Iran, Zato has become encircled in Afghanistan??

Zato just paid to get out thru Taskent.  At that point the Pakis agreed to take the money and reopen their routes.

North and south supply/exit  routes can be closed again easily, at any time.

Is this going to turn out like that Russian city on the Violga?

market_traitor's picture

Correction . . .


Well that'll make WINNING a war with Iran a whole lot harder!

hungrydweller's picture

Short in front of the CRTL-P GOD and you WILL be crushed! 

Buy physical instead!

I am Jobe's picture

Yippie. Amerikan Pussification has just begun. Did China just say to the USSA Fuck you and I will do what I feel like doing? Long Live Chariman Mao.

Beam Me Up Scotty's picture

Yup, and all because we had to become "indebted" to them.

swamp's picture

USA Dickification didn't work too well either, did it?

Tom Green Swedish's picture

We only owe them 4 trillion something.  Thats chump change.  As the banks they took 9 trillion. We spent more on the little Iraq War.  Although because of this China thinks they have the upper hand, just like the banks do, because both China and the banks are "creditors".  So assume that China now feels TBTF.



TheFourthStooge-ing's picture

swamp remarked:

USA Dickification didn't work too well either, did it?

Nor did USA Assholier Than Thou.

Snakeeyes's picture

Team Obama/Clinton are the worst politicians. Die hard Socialists/Marxists who can't see beyond their memorized dogma.

grey7beard's picture

>> Socialists/Marxists

Morons who keep spewing that garbage line are a big part of the problem.  Turn the F*cking overpaid, overfed entertainers posing as news people off and do a little thinking for yourself.  Obama and crew are a monumental disaster but marxism has noting to do with it you freekin jackwagon.