“There is nothing to hide about the deal. Every stage has been transparent, and once it is finalized, the details will be made public,” Iranian Foreign Minister Mohammad Javad Zarif told lawmakers last week as he was grilled over a controversial 25-year partnership deal with China. “The point that has to be taken into consideration in our foreign policy is the shift in global power,” Zarif argued in justification of the pact.
According to Iranian officials, the draft of the road map, known as the Sino-Iranian Comprehensive Strategic Partnership, was approved by the administration of President Hassan Rouhani in June. The detailed content, however, remains open to heated debate and speculation. While the draft was in the works for over four years, it received little attention until some media reported about what they claimed were key facts and figures involved.
In September 2019, Petroleum Economist, relying on an unnamed source within Iran’s Oil Ministry, detailed a $400 billion Chinese investment under the deal in Iran’s oil, gas and transport sectors, with Beijing enjoying a 32% discount in crude purchases along with two-year payment breaks. The partnership pact, other reports say, will also grant the Chinese government a significant presence in a wide variety of other projects from security and telecom infrastructure to health and tourism.
What has particularly drawn the ire of opponents at home are claims that the plan will give China permission to dispatch up to 5,000 troops to protect its interests in Iran as well as significant control over Iranian islands in the country’s southern business hubs.
AL-MONITOR All-Access gives you unlimited access to all our journalism, the full Daily Briefing, exclusive interviews, premium newsletters, and live events — for less than $2/week.