China Trading Fighter Jets For Iran Oil Field?

[CGK 2,502]

This is a deal we need to keep our eyes on.

 

China And Iran Weigh $1 Billion Deal To Swap Chengdu J-10 Fighter Jets For Major Oil Field

China and Iran are mulling a $1 billion deal that would see China trade 24 Chengdu J-10 fourth-generation fighter jets in exchange for control of Iran’s biggest oil field for two decades, a report in the Taiwanese newspaper Want Daily said Thursday. The oil field in question is the 350 square-mile Azadegan field, which produces around 40,000 barrels of light and heavy crude per day. It’s currently operated by the National Iranian Oil Company and is thought to be the largest oil discovery in the country in 30 years.

<snip>

While no agreement has yet been reached, the deal would represent a major development in the Middle East and add another layer of controversy to the recent Iran nuclear deal that has caused alarm among regional rivals Saudi Arabia and Israel. [The Iran nuclear deal, negotiated with six other nations, is not yet official. For example, the U.S. Congress has until mid-September to approve or reject the plan, and President Barack Obama has the authority to veto a rejection. If that happens, Congress would have an opportunity to override a veto.]

Saudi Arabia and Israel believe that when economic sanctions are lifted Iran will increase oil production and begin spending heavily on weapons. Iran has already signed deals with Russia for missile defense technology, despite the nuclear deal prohibiting such a sale for up to eight years.

[CGK 2,502]

Several Chinese military analysts believe the United States may not be happy about such a deal and China will face international pressure should Iran use the fighters in combat against US allies in the region. Others meanwhile pointed out that 24 fighters will not make a major difference to the strategic situation in the Middle East.

It has been alleged — though officially denied — that the J-10 was developed with technology provided by Israel. If this is the case, it would be somewhat ironic if that technology ends up in the hands of Israel's primary and avowed enemy in the region.

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1101&MainCatID=11&id=20150805000189

 

[WhiteHorse 521]

That deal tells me Iran ain't planning on being around in 20yrs or those fields are a little drier than they let on.  Iran is on a suicide mission I believe. There will be two volleys, boom, boom.   

[Jake91 106]

why wouldn't Iran come to US fur a deal... lmfao but obombuh would probably pass the bill sending f16 to Iran for oil, abd spin it off that us rednecker Americans get cheap gas!!!

that my friend is how we know deal is fake, cuz Barack would have already nailed this deal, making our air force weaker..... I could go oooh on n on about why obomba should do this deal instead of China

rednecker is a word, abd necker is not....

[CalmShock 74]

It has been alleged — though officially denied — that the J-10 was developed with technology provided by Israel. If this is the case, it would be somewhat ironic if that technology ends up in the hands of Israel's primary and avowed enemy in the region.

 

 

[Arnie L 28]

Hard to imagine the Iranians would do such a poor deal. at 40k barrels a day even in today's depressed market that oil would be worth over 10 times that. Particularly when you take into consideration they allegedly have 50 million barrels in reserve right now on tankers ready to ship:

http://money.cnn.com/2015/08/13/investing/iran-hoarding-oil/

That's a cool 2 billlion right there, more than enough to add a few planes to the hanger

-Arnie L