Miscellaneous News
- Thread starter bd popeye
- Start date
Iranian oil exports to China have tripled over the past three years despite US sanctions imposed on the Islamic Republic, according to statistics supplied by data analytics firm Kpler.
Crude oil shipments from the Islamic Republic to its biggest trade partner will equal about one million barrels each day (bpd) in 2023, up from around 325,000 bpd in 2020.
Oil trade between Iran and China has followed an upward trend since 2019. In 2021, exports reached 585,000 bpd; in 2022, the figure stood at 766,000 bpd.
The rise comes despite ever-tightening unilateral sanctions imposed by the US since their unilateral exit from the Iran nuclear deal in 2018 and the rampant smuggling of Iranian oil in the Persian Gulf.
The US withdrew from the Obama-era deal and reimposed a series of economic sanctions attempting to squeeze Iranian oil exports and curtail the country’s access to the international financial system, Foreign Affairs reported at the time.
To evade these sanctions, most of Iran’s crude exports to China are rebranded as crude from other countries. This is done by forging documents to hide the origin of Iranian oil cargo.
In June, US news outlet Bloomberg confirmed that Iranian oil sales hit a five-year high, “fortifying its re-emergence on the geopolitical stage."
“[Iranian oil] exports have surged to the highest level since US sanctions were re-imposed in 2018, according to a range of analysts including Kpler Ltd., SVB Energy International, FGE, and the International Energy Agency,” Bloomberg reported.
To hinder Iran's booming energy sector, the US and the EU have continued to target individuals and companies with unilateral sanctions.
Last November, the US Treasury Department sanctioned 13 companies based in China, Hong Kong, and the UAE for “facilitating” the sale of Iranian petrochemicals and petroleum products to buyers in East Asia, including the National Iranian Oil Company (NIOC) and Triliance Petrochemical Co. Ltd. – two companies already under sanctions.
Earlier this year, Chinese President Xi Jinping urged the west to lift sanctions on Iran and to expedite the revival of the Joint Comprehensive Plan of Action (JCPOA).
Crude oil shipments from the Islamic Republic to its biggest trade partner will equal about one million barrels each day (bpd) in 2023, up from around 325,000 bpd in 2020.
Oil trade between Iran and China has followed an upward trend since 2019. In 2021, exports reached 585,000 bpd; in 2022, the figure stood at 766,000 bpd.
The rise comes despite ever-tightening unilateral sanctions imposed by the US since their unilateral exit from the Iran nuclear deal in 2018 and the rampant smuggling of Iranian oil in the Persian Gulf.
The US withdrew from the Obama-era deal and reimposed a series of economic sanctions attempting to squeeze Iranian oil exports and curtail the country’s access to the international financial system, Foreign Affairs reported at the time.
To evade these sanctions, most of Iran’s crude exports to China are rebranded as crude from other countries. This is done by forging documents to hide the origin of Iranian oil cargo.
In June, US news outlet Bloomberg confirmed that Iranian oil sales hit a five-year high, “fortifying its re-emergence on the geopolitical stage."
“[Iranian oil] exports have surged to the highest level since US sanctions were re-imposed in 2018, according to a range of analysts including Kpler Ltd., SVB Energy International, FGE, and the International Energy Agency,” Bloomberg reported.
To hinder Iran's booming energy sector, the US and the EU have continued to target individuals and companies with unilateral sanctions.
Last November, the US Treasury Department sanctioned 13 companies based in China, Hong Kong, and the UAE for “facilitating” the sale of Iranian petrochemicals and petroleum products to buyers in East Asia, including the National Iranian Oil Company (NIOC) and Triliance Petrochemical Co. Ltd. – two companies already under sanctions.
Earlier this year, Chinese President Xi Jinping urged the west to lift sanctions on Iran and to expedite the revival of the Joint Comprehensive Plan of Action (JCPOA).
US, not UN or CN sanctions. So not really newsworthy, Iran doesn't have any sanctions with international reach on them. What goes on between US and Iran is their own internal affairs, they can give eachother as many sanctions as they want between eachother.
No reason for China not to help build up Iran. Oil is a vital resource.
Ive been looking for the sacrifice one forever. I even started to think I imagined it
60s Chinese kids: Laughs in sacrificing a landlord in someone's backyard.
China has now become the number 1 Car exporter in the world!! WSJ: let's find a way how to spin this terrible news against China's head by blaming Russia and China, then make China look like the incoming predatory industrialist for not siding with the west in the Ukraine conflict.
This recent news of Chinese becoming number 1 exporter of automobiles should have been done in an objective manner so that their audiences would be informed and empowered in trying to make their country more competitive and open to understanding why China managed to climb up on this sector that was not anticipated properly in their country's experts.
Instead, WSJ had to make this video report treating their audiences as if they and we're all retarded. This ain't the 90's man.
This recent news of Chinese becoming number 1 exporter of automobiles should have been done in an objective manner so that their audiences would be informed and empowered in trying to make their country more competitive and open to understanding why China managed to climb up on this sector that was not anticipated properly in their country's experts.
Instead, WSJ had to make this video report treating their audiences as if they and we're all retarded. This ain't the 90's man.
TBH, this WSJ FUD is way lighter than I would expect. That China becomes the #1 car exporter is a bitter pill for the whole west to swallow. Auto is the number one industry. Since its invention, the west has had a monopoly on the entire auto eco-system. More amazingly, this is happening when the US auto market is essentially closed to China. Yes, I know, GM and Ford export a few made-in-China models to the US and Volvo has a production site in South Carolina. But I bet my entire net worth that US polity would do whatever it takes to block car imports from the real Chinese cars like BYDs or GWs. In that context, that WSJ video is not nearly as poisonous I would expect.