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Ignore UN Sanctions on Iran, China Will Invest in Gas Field

Posted by Author on January 13, 2007

BBC News, 11 January 2007-

China has demanded that the US stop interfering in its trade affairs with Iran, after Washington raised concerns over a planned energy deal with Tehran.

Beijing said plans by a Chinese oil firm to invest in an Iranian gas field were “legitimate”, news agency AP said.

The US government last month expressed concern over Chinese state-run oil firm CNOOC’s investment proposals in Iran.

The US said the plan was inappropriate at a time when Iran is defying UN resolutions over its nuclear programme.

The proposed Chinese investment in Iran’s Pars gas field could be worth $16bn (£8.2bn), according to Iranian news agency Mehr.

Nuclear row

CNOOC said the company was currently in talks with Iranian officials to develop the northern gas field, although no agreement had yet been signed.

“We think this kind of co-operation and relationship is legitimate. Normal co-operation should not be interfered (with),” said Chinese foreign ministry spokesman Liu Jianchao.

The Associated Press said that when asked if Beijing believed the US was meddling in its business affairs with Iran, Mr Liu responded “this is our position”.

China, which is one of the five permanent members of the UN Security Council, voted last month to impose sanctions on Iran for defying calls by the international community to cease uranium enrichment – a process which could produce weapons grade material for nuclear bombs.

Tehran has denied that it plans to develop atomic weapons, and insists it has a right to enrich uranium for civilian use in nuclear power stations.

from BBC NewsChina defends Iran gas deal talks

One Response to “Ignore UN Sanctions on Iran, China Will Invest in Gas Field”

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