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Chinese firms face competition to maintain role in developing Iranian oilfields

Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. That means Chinese firms China National Petroleum Corp (CNPC) [CNPET.UL] and Sinopec (0386.HK), which have played a leading role in developing the …

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Iran calls China to join the fight against the Islamic State

China should play a more active role in fighting Islamic State, a senior figure in a body that advises Iran’s Supreme Leader said on Thursday, according to the country’s Fars news agency. China relies on the Middle East for oil supplies, but tends to leave diplomacy there to other permanent …

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The Sino-Iranian Tango: Why the Nuclear Deal Is Good for China

Michael Singh (Foreign Affairs) The recent nuclear agreement between Iran and the P5+1 countries (China, France, Germany, Russia, the United Kingdom, and the United States) will have major implications for security in the Middle East. But the impact of the deal will be much wider. Just how wide was demonstrated by …

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China urges no new demands at Iran nuclear talks

China’s foreign minister has urged that all parties involved in talks on Iran’s nuclear program make no new demands and that the legitimate concerns of the participants be respected, the Chinese government said late on Thursday. Iran, the United States, Britain, France, Germany, Russia and China reached a tentative framework …

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U.S. aims to make Iran nuclear deal immune to Russian, Chinese veto

(Reuters) – Washington wants to be certain that any nuclear deal between Iran and major powers includes the possibility of restoring U.N. sanctions if Tehran breaks the agreement without risking Russian and Chinese vetoes, a senior U.S. official said on Tuesday. United Nations sanctions and a future mechanism for Iran …

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China’s Xi says backs fair, balanced agreement on Iran

(Reuters) – Chinese President Xi Jinping told Iranian President Hassan Rouhani on Thursday that China would push for a “fair and balanced” nuclear agreement, a day after talks resumed between Iran and the European Union. Xi’s remarks, issued on the sidelines of the Asian-African summit in Indonesia, reiterate China’s stance …

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Hong Kong election candidates to be screened, reform proposal says

Hong Kong’s government has unveiled proposed reforms for the next election, which do not concede to pro-democracy demands for a fully free vote. The electoral blueprint complies with guidelines from China’s legislature that candidates for the 2017 election will be screened. Democracy activists say that means the elections will not …

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Oil prices fall; Iran, China to discuss supplies

(Reuters) – Brent crude prices fell almost $1 a barrel on Tuesday, with an Iranian delegation in Beijing this week to push for more oil sales. Oil markets were also pressured as Goldman Sachs (GS.N) said prices needed to remain low for months to achieve a slowdown in U.S. output …

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China warns over Iran talks failure, urges compromise

(Reuters) – China warned on Wednesday that if the talks are stuck then all previous efforts to resolve Iran’s nuclear standoff with the six major powers will have been wasted and called for compromise. “It is important to give political guidance to the negotiations … it is important to narrow …

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