International Energy Network News: China and Iran are discussing the establishment of an oil barter system to exchange Iranian crude oil with Chinese goods and services to avoid US financial sanctions. Some commentators said that Iran also hopes that China will use more weapons to pay for oil.
The British "Financial Times" said that China is increasing its oil imports from Iran. The oil imported last year was as high as 29.3 billion U.S. dollars, an increase of 40% over 2009. However, the U.S. financial sanctions imposed on Iran have made it impossible for China to use hard currencies such as the US dollar to pay for oil imports, resulting in serious defaults. The two countries are therefore discussing the establishment of a barter transaction system to use Chinese goods and services to pay for Iranian oil.
Iran also decided to cut crude oil exports to India from August 1. Because India can no longer pay for oil, India's merchandise exports to Iran are virtually zero.
Chinese media said that Iran is also negotiating with China to increase the export of crude oil to China, and plans to help China store 100 million barrels of oil before the end of the year, provided that China will use more weapons to pay for oil.
In fact, Iran has used oil for a long time to pay for Chinese weapons. Ferriteun Fesharaki, president of FACTS Global Energy, disclosed that Zhuhai Zhenhai Company, a Chinese company, has played an important role in importing Iranian oil and enjoys a daily import of 250,000 barrels. Indicators, only when this indicator is met, other state-owned companies can import crude oil from Iran.
According to the China.com website, Zhenhai Zhenhai is a trading company authorized by the State Council and the Central Military Commission of China to specialize in oil products for easy transportation. It is one of four companies authorized by China to import state-run crude oil trading functions and has offices in Tehran. As of the end of 2008, Zhuhai Zhenyu shipped a total of more than 100 million tons of crude oil in the Middle East, recovering more than 15 billion yuan in arrears of military trade.
The Zhuhai Zhenyu website stated that the company has established a long-term and stable import channel for crude oil from Iran, developed bilateral trade and political relations with Iran and other countries, and laid the foundation for other special trades under the government. In 2010, the company imported 17.13 million tons of crude oil and other oil products, and its operating income was 61 billion yuan***.
The Swedish International Peace Research Institute in Stockholm reported that Iran is the second largest consumer of China's pharma industry. The military products purchased from 2005 to 2009 included more than 1,000 surface-to-air and anti-ships and 50 infantry warfare. car. It is also reported that Iran is prepared to use oil to pay for 24 Chinese-made J-10s with a total value of about 1 billion U.S. dollars.
The Washington Post stated that some Chinese companies have also been allowed to sell equipment and materials that can be used on ballistic missiles such as graphite, tungsten, gyroscopes, accelerators, and alloy steel to Iran. China’s Chery Automobile Co., which opened an automobile factory in Iran, has allowed Iran to obtain many military and civilian dual-use materials on the pretext of buying automobile products.
China also increased its crude oil imports from Iran. According to the latest statistics from China Customs, China imported 8.549 million barrels of crude oil from Iran from January to April 2011, which was a year-on-year increase of 32%. Iran has become China's third largest crude oil supplier.
The British "Financial Times" said that China is increasing its oil imports from Iran. The oil imported last year was as high as 29.3 billion U.S. dollars, an increase of 40% over 2009. However, the U.S. financial sanctions imposed on Iran have made it impossible for China to use hard currencies such as the US dollar to pay for oil imports, resulting in serious defaults. The two countries are therefore discussing the establishment of a barter transaction system to use Chinese goods and services to pay for Iranian oil.
Iran also decided to cut crude oil exports to India from August 1. Because India can no longer pay for oil, India's merchandise exports to Iran are virtually zero.
Chinese media said that Iran is also negotiating with China to increase the export of crude oil to China, and plans to help China store 100 million barrels of oil before the end of the year, provided that China will use more weapons to pay for oil.
In fact, Iran has used oil for a long time to pay for Chinese weapons. Ferriteun Fesharaki, president of FACTS Global Energy, disclosed that Zhuhai Zhenhai Company, a Chinese company, has played an important role in importing Iranian oil and enjoys a daily import of 250,000 barrels. Indicators, only when this indicator is met, other state-owned companies can import crude oil from Iran.
According to the China.com website, Zhenhai Zhenhai is a trading company authorized by the State Council and the Central Military Commission of China to specialize in oil products for easy transportation. It is one of four companies authorized by China to import state-run crude oil trading functions and has offices in Tehran. As of the end of 2008, Zhuhai Zhenyu shipped a total of more than 100 million tons of crude oil in the Middle East, recovering more than 15 billion yuan in arrears of military trade.
The Zhuhai Zhenyu website stated that the company has established a long-term and stable import channel for crude oil from Iran, developed bilateral trade and political relations with Iran and other countries, and laid the foundation for other special trades under the government. In 2010, the company imported 17.13 million tons of crude oil and other oil products, and its operating income was 61 billion yuan***.
The Swedish International Peace Research Institute in Stockholm reported that Iran is the second largest consumer of China's pharma industry. The military products purchased from 2005 to 2009 included more than 1,000 surface-to-air and anti-ships and 50 infantry warfare. car. It is also reported that Iran is prepared to use oil to pay for 24 Chinese-made J-10s with a total value of about 1 billion U.S. dollars.
The Washington Post stated that some Chinese companies have also been allowed to sell equipment and materials that can be used on ballistic missiles such as graphite, tungsten, gyroscopes, accelerators, and alloy steel to Iran. China’s Chery Automobile Co., which opened an automobile factory in Iran, has allowed Iran to obtain many military and civilian dual-use materials on the pretext of buying automobile products.
China also increased its crude oil imports from Iran. According to the latest statistics from China Customs, China imported 8.549 million barrels of crude oil from Iran from January to April 2011, which was a year-on-year increase of 32%. Iran has become China's third largest crude oil supplier.
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