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Friday, August 07, 2015

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

J-10 Vigorous DragonChina 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.

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