Zero Hedge — Iran Sanctions Fallout: China Takes Over French Portion Inwards Giant Iran Gas Project

The globe simply got a lot to a greater extent than complicated.

When it comes to the Middle East, China has non been shy nearly its recent ambitions to expand its geopolitical influence inwards the Gulf region: Just in conclusion calendar week we reported that the Chinese Ambassador to Syria, Qi Qianjin, shocked Middle East pundits too observers past times indicating the Chinese armed forces may fill upward the void left inwards the wake of the collapse of ISIS - too most regional armies - too direct attention the Syrian Army inwards an upcoming major offensive on jihadist-held Idlib province.…

And having staked a armed forces claim inwards Syria, China was adjacent laid upward to expand its national involvement inwards that other fundamental regional patch which has been the origin of too then much consternation to its neighbors too globe powers inwards recent months too which has emerged equally a fundamental origin of unsmooth crude oil exports to Beijing: Iran.

It did too then today when China’s state-owned unloose energy giant, CNPC - the world's 3rd largest crude oil too gas companionship past times revenue behind Saudi Aramco too the National Iranian Oil Company - finally took over the portion inwards Iran’s multi-billion dollar South Pars gas projection held past times France’s Total, Iran's official word means Shana reported on Saturday....

China is making a move.

The global plot is thickening. Fireworks certain to follow.

Zero Hedge
Iran Sanctions Fallout: China Takes Over French Share In Giant Islamic Republic of Iran Gas Project

Tyler Durden