In a move described by observers as “a true reflection of the BRICS movement”, the executive director of the city of Imam Khomeini International Airport announced that a 2.5 billion euro oil exchange agreement with China to expand the second section of the airport has been completed.The Iranian Tasnim news agency quoted the executive director of the International Airport City: “The
Oil Exchange Agreement worth 2.5 billion euros with China to expand the second section of the airport.”
Observers pointed out that this step is economically important for the two countries, as it is in the interest of China’s energy security, and within the policy of circumventing US sanctions on Iran, and reflects the extent of the real partnership within the BRICS system.
Breaking the dominance of the dollar
Zhao Zhijun, a Chinese writer and researcher on Asian affairs, said that as one of the world’s largest industrialized countries, China has a high demand for oil, and China not only imports oil from exporting countries around the world, but also continues to look for new suppliers of crude oil.According to his speech to “
SputnikIn the past 26 months, China has imported more than 25 million tons of oil from Iran, the volume of transactions has reached a record high, most transactions have been made in yuan, and China and Iran have signed a new oil exchange agreement, which will further protect China’s energy security.
Source: Sputnik
