Thread by @TheNorth_A

1️⃣ Under this treaty, Chinese companies will be given the first option to bid on any new – or stalled or uncompleted – oil, gas, and petrochemicals projects in Iran.
#No2IRChinaTreaty
oilprice.com/Energy/Energy-…

2️⃣ China will buy any and all oil, gas, and petchems products at a minimum guaranteed discount of 12 per cent to the six-month rolling
#No2IRChinaTreaty

3️⃣Additionally, China will be granted the right to delay payment for up to two years and, significantly, it will be able to pay in soft currencies that it has accrued from doing business in Africa and the Former Soviet Union states.
#No2IRChinaTreaty

4️⃣ Given the exchange rates involved in converting soft currencies into hard currencies, China is looking at another 8 to 12 per cent discount, which means a total discount of around 32 per cent for China on all oil gas, and petchems purchases
#No2IRChinaTreaty

5️⃣ China will be integrally involved in the build-out of Iran’s core infrastructure, which will be in absolute alignment with China’s key geopolitical multi-generational project,
#No2IRChinaTreaty

6️⃣ China intends to utilise the currently cheap labour available in Iran to build factories that will be financed, designed, and overseen by big Chinese manufacturing companies with identical specifications and operations to those in China.
#No2IRChinaTreaty

7️⃣ The deal extended to include new military elements and this will involve complete aerial and naval military co-operation between Iran and China, with Russia also taking a key role
#No2IRChinaTreaty

8️⃣This process will begin with purpose-built dual-use facilities next to the existing airports at Hamedan, Bandar Abbas, Chabhar, and Abadan.
#No2IRChinaTreaty

9️⃣ Chinese and Russian military vessels will be able to use newly-created dual-use facilities at Iran’s key ports at Chabahar, Bandar-e-Bushehr, and Bandar Abbas, constructed by Chinese companies.
#No2IRChinaTreaty

🔟 These deployments will be accompanied by the roll-out of Chinese and Russian electronic warfare (EW) capabilities. It also includes an exchange of personnel, with up to 110 senior IRGC men going for training every year in Beijing and Moscow
#No2IRChinaTreaty