News Snapshot:
China will begin implementing a strategic agreement with Iran, aimed at improving economic and security co-operation, Beijing said on Saturday. The agreement will also cover energy and infrastructure projects. Billed as a 25-year, multi-sector agreement that would see as much as $400 billion worth of collaborative projects, the deal, which was signed last year, underlines China’s long-held opposition to US sanctions. Last year, Iran’s oil minister Javad Owji said Iran was seeking more than $145 billion in energy investment to bolster its oil industry over the next four to eight years. Chinese foreign minister Wang Yi and Iranian counterpart Hossein...
