Arab Today, arab today china slow to adjust to iranian sanctions
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

China slow to adjust to Iranian sanctions

Arab Today, arab today

Arab Today, arab today China slow to adjust to Iranian sanctions

Hong Kong - UPI

It would take at least three months before China can realistically honor European sanctions on Iranian oil, a research analyst said. EU sanctions targeting Iranian oil shipments went into force July 1. They followed similar measures enacted by the U.S. government. Gordon Kwan, an energy analyst at Mirae Asset Securities in Hong Kong, told Bloomberg News that most Chinese refineries are designed to only process crude oil from Iran. \"Even if China wants to follow the EU sanctions, it will take at least three to six months or early 2013 before we see any meaningful reductions,\" he said. When Iran threatened to choke off shipping lanes through the Strait of Hormuz this year, Beijing opted to put more oil into its strategic reserves at a time when oil prices were in a seasonal decline. June imports of Iranian crude oil to China ended a three-month period of increase. China is Iran\'s largest crude oil customer, though it secured an exemption from U.S. sanctions at the end of June for \"significantly\" reducing Iranian crude oil purchases. First quarter purchases decreased.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china slow to adjust to iranian sanctions Arab Today, arab today china slow to adjust to iranian sanctions

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china slow to adjust to iranian sanctions Arab Today, arab today china slow to adjust to iranian sanctions

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday