China cut Iran oil import as sanctions mount

[FriendOfPakistan]

The problem with the government in Iran is that they don't realize they have no friends. They want to take on the mighty bloodthirsty USEurael (US-Europe-Israel) empire alone. Dreaming perhaps that China or Russia will come to the rescue at the last minute ... while all the signs point in the opposite direction. When they wake up to smell the coffee, it will be too late ... and wake up time has arrived.

It's good to be proud and independent, but challenging a heavily armed bully with bare hands, comparatively speaking, trying to inflict some scratches to show how proud you are is silly ... when in the end your pride will be further destroyed in a wheelchair after they cut off your legs and break your spine.

I don't like the USEurael empire, but I like my people more than to sacrifice them on the altar of shiite-Islamic crusade against "infidels" or imperialism. What's the point of pride when you are disabled ?

A regime change is needed either in US or in Iran or better even: both.

China is no more reliable than Russia. Understandably both care about their interests first, and have no love for islamist causes either. They only use Iran as bargaining chip to extract concessions from USA while leaving Iran high and dry in the end. Perhaps sending Iranians on a suicide mission to annoy their competitor. Iranian gov't is the fool for believing otherwise, or for thinking it can take on the big bullies alone without help.

 

[SinoChallenger]

China will reduce crude imports from Iran for a second month, sources said on Thursday.

Smells like a US mis-information propaganda to me! The Chinese government has said absolutely nothing about this, and continues to resist USA's party line on Iran.

 

[Lankan Ranger]

China will reduce crude imports from Iran for a second month, sources said on Thursday.

Smells like a US mis-information propaganda to me! The Chinese government has said absolutely nothing about this, and continues to resist USA's party line on Iran.

China buys Russian Oil & Vietnam oil as Iran supply cut

Chinese trader Unipec paid a record premium for a February cargo of Russian crude and bought Vietnamese oil for the first time in at least a year, traders said, as the world's second-largest oil consumer looks to cover for reduced Iranian supplies.

China slashed Iranian crude imports by more than half for January as the two countries haggle over 2012 payment terms, industry sources have told Reuters. The latest deals show that the dispute could be dragging into talks for February cargoes as well.

Tehran is facing tougher sanctions from the West, which could hurt its oil exports into Europe and Asia. That gives top Iranian crude buyer China a strong hand in contract negotiations as one of a shrinking group of customers.

Unipec, the trading arm of top Asian refiner Sinopec , won the cargoes of Russian ESPO crude from Rosneft by paying nearly a dollar per barrel more than other refiners have paid recently for the same crude.

"They are prepared to pay extra to get supply from Kozmino as crude from West Africa and the Middle East will take a longer time to get there," Roy Jordan, London-based consultant at FACTS Global Energy said, referring to the shipping port for the Russian crude.

"ESPO is an obvious replacement, because it is conveniently located and it's a better quality crude."

UPDATE 4-China buys Russia, Vietnam oil as Iran supply cut | Reuters

 

[Serpentine]

Iranian brought it on them selves and will bring more to them selves if they keep going with their non sense and hostile policy.

even if iranian oil production cuts completely, it will be easily compsenated by Saudi Arabia and many other oil producers, thats not a problem at all.

if iranians stopped thier sabotage, attacking every one around them and creating troubles in the region, they should have been rich and prosperous by now as any other gulf nation, but thats what you get for been stupid.

Oh seriously?When was the last time Iran attacked another one?Your country aided Saddam with billions of dollars to do everything it can in war.where is he now?.Your country is now suppressing people of Bahrain who only want democracy.but you don't.your country is safest place for dictators who has escaped their country and from their people.Your country is a puppet of U.S and nothing more.Iran may not be the best among other countries,but it's far better than Saudi Arabia.At least i agree with that.
last thing i wanted to say is that it is not all about being rich.you should pay something for that and you sold your independence.however right now,50% of Saudi people live under poverty line.Where all that money goes?To buy $30bn of arms only because of Iran?

 

[Mosamania]

Oh seriously?When was the last time Iran attacked another one?Your country aided Saddam with billions of dollars to do everything it can in war.where is he now?.Your country is now suppressing people of Bahrain who only want democracy.but you don't.your country is safest place for dictators who has escaped their country and from their people.Your country is a puppet of U.S and nothing more.Iran may not be the best among other countries,but it's far better than Saudi Arabia.At least i agree with that.
last thing i wanted to say is that it is not all about being rich.you should pay something for that and you sold your independence.however right now,50% of Saudi people live under poverty line.Where all that money goes?To buy $30bn of arms only because of Iran?

LoL Iranian logic at it again. It is funny how Saudis keep saying "We do not want to end up like Iranians poor and oppressed" and to have Iranians say the same thing. moral of the story Iranians logic is sooooo Fukced up it is not their fault really but their media's which is quite sad if you think about it.

 

[Big Boss]

Its nothing new china does it all the time. They leave their friends when in need and china always looks for its profits.

Libya was last example and Iran is latest.

 

[Developereo]

The problem with the government in Iran is that they don't realize they have no friends. They want to take on the mighty bloodthirsty USEurael (US-Europe-Israel) empire alone.

All they are doing is insisting on their right to develop nuclear technology. Islam's got nothing to do with it, except in your imagination. Most patriotic Iranians I know support the nuclear program.

On topic, the Chinese businessmen are using the sanctions situation to squeeze out more favorable terms in the contract. It may save a few dollars in the short term, but it's bad business strategy to sour the long term relationship.

 

[FriendOfPakistan]

I am just as pissed off as you are by the bullying and double standards against Iran (and the nuclear program is just an excuse). But I am even more pissed off at the countries who vote with the bullies against Iran - example, China, Russia, India - or just sit and watch, doing nothing (except talk). Every country that has any power to help has not helped when push came to shove.

Explain to me why Iran has no real friend who is willing to stick their neck for Iran, or do you think it has ?

All they are doing is insisting on their right to develop nuclear technology. Most patriotic Iranians I know support the nuclear program.

 

[DV RULES]

I am just as pissed off as you are by the bullying and double standards against Iran (and the nuclear program is just an excuse). But I am even more pissed off at the countries who vote with the bullies against Iran - example, China, Russia, India - or just sit and watch, doing nothing (except talk). Every country that has any power to help has not helped when push came to shove.

Explain to me why Iran has no real friend who is willing to stick their neck for Iran, or do you think it has ?

Becauise Iranian are not honest and in required time can show their bk as Iran did with Pakistan in A.Q Khan case.

---------- Post added at 04:41 PM ---------- Previous post was at 04:39 PM ----------

But don't forget we are still in business with Iran in gas import ignoring US pressure.

 

[Developereo]

I am just as pissed off as you are by the bullying and double standards against Iran (and the nuclear program is just an excuse). But I am even more pissed off at the countries who vote with the bullies against Iran - example, China, Russia, India - or just sit and watch, doing nothing (except talk). Every country that has any power to help has not helped when push came to shove.

Explain to me why Iran has no real friend who is willing to stick their neck for Iran, or do you think it has ?

Because the West reigns supreme, both economically and militarily. And Zionist lobbies are powerful in most Western countries.

All these other countries you mentioned are on their way up, but none is strong enough to challenge a coordinate assault from the West. They will stand their ground if their own national interests are directly challenged, but they won't confront the West for anyone else's benefit.

 

[lem34]

I am not sure bout this. It could well be propaganda or other reasons. Don't forget the extensive investment of over 100 bill US dollars that China has in Iran

 

[T-Rex]

Because the West reigns supreme, both economically and militarily. And Zionist lobbies are powerful in most Western countries.

All these other countries you mentioned are on their way up, but none is strong enough to challenge a coordinate assault from the West. They will stand their ground if their own national interests are directly challenged, but they won't confront the West for anyone else's benefit.

The so-called pragmatic leaders of China and Russia know it very well what will follow after Iran's defeat, so it is in own their interest to see that Iran does not capitulate.

 

[unicorn]

But China has. As I pointed out before: That an economic sanction is VOLUNTARY in participation. No one forced China to reduce Iranian oil purchase. China must have perform the appropriate cost/ benefits analysis and decided not to purchased Iranian oil.

Seems like China have given a hint of not interfering if USA attacked Iran.

 

[fallstuff]

That is stupid. China is a developing country, there is no excuse for cutting oil imports.

If there was a problem with the payment plan, then we should have worked it out.


What is wrong with these Sinopec executives?

Look how easily the headline is misleading, yet factual in entirity. China is doing it to get a better payment terms and not under US pressire. One could say China is making most of the sanction issues.

 

[twocents]

All they are doing is insisting on their right to develop nuclear technology. Islam's got nothing to do with it, except in your imagination. Most patriotic Iranians I know support the nuclear program.

On topic, the Chinese businessmen are using the sanctions situation to squeeze out more favorable terms in the contract. It may save a few dollars in the short term, but it's bad business strategy to sour the long term relationship.

Here's my take on the situation. Until we hear from the horses' mouths (China and Iran) none of us can vouch for the accuracy of the Reuter report. It reeks of a misinformation campaign against nations that refuse to be subservient to Western wishes. The Reuter report may well be an attempt to pressure Iran while at the same time sow seeds of distrust between China and Iran. In all situations like this, my rule of thumb is to presume it false until proven otherwise. I may be wrong, but I am ten times more likely to be right than wrong.