Follow CGSP on Social Media

Listen to the CGSP Podcast

Why Africa’s Oil Exporters Should be Very Concerned About the Proposed China-Iran Mega-Deal

Iranian President Hassan Rouhani shakes hands with Chinese President Xi Jinping (R) during a welcoming ceremony on January 23, 2016 in the capital Tehran. STR/AFP

Iran and China are reportedly nearing completion of a wide-ranging oil-for-infrastructure deal that would pave the way for billions of dollars of Chinese investment in Iran’s energy, telecommunications and financial service sectors in exchange for a 25-year supply of oil.

Both sides have acknowledged that talks are underway but neither has confirmed the details. When a China Radio International journalist asked Foreign Ministry spokeswoman Hua Chunyin about a New York Times report about the deal, Hua refused to comment.

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.