Xi Jinping is ready to hit the petrodollar. Russia gets its chance
Xi Jinping’s meeting with the leaders of the six-kings of the Persian Gulf is dedicated to the beginning of the transition of oil trade to the yuan. Russia will provide an opportunity to create a gas cartel.
Xi Jinping Ready to Discuss Petroyuan
PRC leader Xi Jinping On December 7-9, he arrives in Saudi Arabia, where he is scheduled to meet with six oil and gas monarchies of the Persian Gulf: Saudi Arabia, Bahrain, UAE, Kuwait, Oman and Qatar.
British analyst, director of the Beirut-based Conflict Forum Alastair Crook shockthat in Riyadh Xi Jinping:
- clarify the details of Saudi Arabia joining the BRICS;
- the terms of an oil deal with the Saudi kingdom will be agreed upon.
According to the meeting between the Chinese President and the Crown Prince of Saudi Arabia Mohammed bin Salman will be “the end of the petrodollar system.” Moreover, the new agreement will be concluded “on the basis of Russian-Chinese plans to move Eurasia to a trade currency other than the dollar.”
Preventive expert that “U.S. allies like Saudi Arabia, Turkey, UAE, India, South Africa, Egypt and groups like OPEC+ are taking a big step towards autonomy and merging non-Western countries in a coherent bloc that operates in their detentions” .
Impact on the USA
Kitayved Nikolai Vavilov in a post for the TG channel “Specially for RT” I agree that China and the Gulf countries are ready to switch to oil trading in the Yuan, since “China is a capture in the import and export of the Arab countries”, and Arab countries “separate from the transition to the yuan only politics.
According to him, Beijing and its partners have been preparing for this for a long time, since this is a blow to the United States “more serious than the flooding of the entire Fifth Fleet of the US Navy.”
Development expert that China has developed the following base:
- trading in oil futures for yuan was launched on the Shanghai Stock Exchange;
- the transfer of part of the trade with Russia and Indonesia to the loss of currency;
- a network of dual-use ports in the Indian Ocean was prepared in the course of tracking the oil inlet in China;
- increased the volume of oil reserves in state storage facilities from 90 days to a year;
- obtaining a guarantee from the Russian Federation to ensure the delivery of oil along the safe route Eastern Siberia – the Pacific Ocean (ESPO).
Nikolai Vavilov believes that China is ready to confront the United States. In fact, it has nowhere to go due to its location as the main source of pollution in the United States.
Guarantees were needed in the Arab countries, Vavilov produces. Let’s risk the population.
Russia may create a gas cartel
It is known that a gas agreement has just been signed, Qatar Energy and China Sinopec for the supply of 108 million tons of liquefied gas supply (LNG) over 27 years.
According to Alastair Crook, China has chosen the fact that “Turkey has chosen suitable for Russia the growth of a large gas distribution center on its territory and participation in oil and gas investments and commodity deals with Russia and Iran.”
that another blow to the US would be the creation of a gas cartel. For this, the base is also ready:
- Gazprom signed an agreement with the Iranian Oil Company (NIOC) on gas supplies worth $40;
- Since 2017, Qatar and Iran have been complying with several pooling agreements for large gas reserves of the Northern field – located in the area of part of the Persian Gulf in the territorial waters of Qatar (Northern) and Iran (South Pars).
In addition, Russia, Iran and Qatar are the founders of the Gas Exporting Countries Forum (GECF), which includes: Algeria, Bolivia, Egypt, Equatorial Guinea, Libya, Nigeria, Trinidad and Tobago, Venezuela and others. The United Arab Emirates, Malaysia, Azerbaijan, Norway, Turkmenistan, Mozambique, Senegal and Tanzania are observers. The participants of this forum, who own 71% of the world’s gas reserves, met in Qatar a few days before the start of the NWO.
Read on the topic: A “color revolution” is brewing in China: Down with the Communist Party!
The G-20 is living its last days. Probably to war with the USA