Arab Today, arab today chinese exofficial stresses beijing\s need for iranian oil despite sanctions
Last Updated : GMT 09:41:38
Arab Today, arab today
Arab Today, arab today

Chinese Ex-Official stresses Beijing\'s need for Iranian oil despite sanctions

Arab Today, arab today

Arab Today, arab today Chinese Ex-Official stresses Beijing\'s need for Iranian oil despite sanctions

Tehran - Fna

Former head of China\'s National Energy Administration Zhang Guobao underlined the country\'s need for the Iranian oil, and stated that the sanctions on Tehran will not influence China\'s oil imports from Iran. \"China\'s crude import costs may be pushed up by tension in Iran as oil prices could rise on supply concern,\" Zhang said, addressing the Chinese People\'s Political Consultative Conference in Beijing on Sunday. Bloomberg quoted Zhang as stating that the prices determine the amount of oil imported by China. He added that Beijing will bring online two emergency crude oil reserve sites this year, without elaborating. The former Chinese energy head said China has finished the first phase of its emergency stockpile of 103.2 million barrels of oil in 2009 and the second phase is scheduled to be completed by early 2013. The country is still in gas supply talks with Russia. China is Iran\'s top trade partner, with economic ties expanding in recent years after the withdrawal of Western companies in line with sanctions against the Islamic Republic over its peaceful nuclear program. Beijing has also significantly increased its presence in Iran\'s oil and gas sector by signing a series of contracts worth up to 40 billion dollars in the past few years. China boosted its oil imports from Iran by 30% in 2011 despite the West\'s pressure on the world\'s second largest economy to lower economic ties with Iran. China\'s crude oil imports from Iran have amounted to 27.76 million metric tons in 2011, Chinese General Administration of Customs announced in February. The figure shows that the country traded in nearly 557,000 barrels of oil from Iran on a daily basis last year. China\'s overall crude imports for December 2011 stood at 21.92 million metric tons, up 5.1 percent in comparison with the same period in the previous year. The growth in China\'s oil imports from Iran came despite the West\'s efforts to rally support for an oil embargo on Iran.

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 chinese exofficial stresses beijing\s need for iranian oil despite sanctions Arab Today, arab today chinese exofficial stresses beijing\s need for iranian oil despite sanctions

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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