China, Iran and Russia signed over a dozen agreements with each other in the first week of June alone, mostly concerning energy, showing how the three nations are creating what has been billed as the “ New Energy Market Order .”
Moscow signed at least 10 new cooperation agreements with Iran for the benefit of both of their oil sectors by May 18. China similarly signed new cooperation agreements with Iran and is also significantly expanding its influence in the Middle East to secure sufficient hydrocarbon supplies to fuel its own economic growth. (Related: Iran’s trade with BRICS nations SURGES 14% as it eyes joining bloc and divesting from the dollar .)
On May 18, Iranian Deputy Minister for Oil Ahmad Asadzadeh bragged that 100 Iranian and 80 Russian corporations took part in the signing of two agreements and eight memorandums of understanding on a wide […]
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