2022 SCO Summit: Chinese President Xi Jinping to meet Iranian counterpart Ebrahim Raisi in Samarkand

Samarkand, September 16: Chinese President Xi Jinping is due to meet Iranian President Ebrahim Raisi on Friday at the SCO summit in Samarkand. Following the meeting with Russian President Vladimir Putin, Chinese President Xi Jinping is due to meet Iranian President Ebrahim Raisi, Chinese state media reported.

The 22nd Summit of the Council of Heads of Member States of the Shanghai Cooperation Organization (SCO-CoHS) is due to begin Friday in Samarkand, Uzbekistan, after two years of the COVID-19 pandemic.

The meeting between the two leaders comes in the wake of waning optimism about reviving the Iran nuclear deal with the United States, which pulled out of the deal in 2018, and has not yet got Tehran’s response to Washington’s proposal to investigate traces of undeclared activities. nuclear material.

Much of China’s game in the Middle East will be successful when Iran remains isolated and continues to evade sanctions. China also sees Iran as a friend who can fulfill its two main objectives – strategic and energy security, Al Arabiya Post reported. SCO Summit 2022: What is the SCO? Why is Prime Minister Narendra Modi’s presence at his Samarkand summit important?

The longer Iran’s nuclear deal remains unresolved; Tehran remains isolated on the international stage – a perfect condition for China to suck the Middle Eastern country into its game plan in the Indo-Pacific region. Already placed under the aegis of the China-dominated Shanghai Cooperation Organization (SCO) and awaiting inclusion in the BRICS, Iran finds in the authoritarian regime in Beijing an ally who can help it overcome its economic crisis and to emerge from international isolation.

The Chinese authorities must be grateful for the current geopolitical situation (Russian-Ukrainian war) in the world, because Beijing is able to quickly source cheap oil from Iran and fill its oil reserves. Despite being under sanctions, Iran regularly supplies a large amount of crude oil to China. According to Kpler, a Brussels-based data and analytics firm, Iran exported more than 700,000 barrels of crude oil per day to China in May and June.

Chinese refiners, given the competitive price of Iranian oil, sought to import more from Tehran in the following months. China is the only sanctioned buyer of Iran in the world, accounting for more than 6% of Beijing’s total oil imports. Beijing has long opposed US and European sanctions against Iran and Russia.

Over the years, China has also invested in Iran’s mining and transportation sectors. This has helped Beijing ensure unhindered access to Iran’s natural gas and oil reserves.

However, since China’s interest lies in expanding its footprint in the Indo-Pacific region, Iran is being watched by Beijing for sharing some 97,860 km2 of long coastline with the Persian Gulf and its strategic positions around the Strait of Hormuz and Bab al-Mandab Strait, Al Arabiya Post reported.

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