China's oil Imports From Iran Climb To Highest This Year

[kkacer]

Jun 21, 2012

up +35 ％

China’s imports of crude from Iran rose to the highest level this year even as Western nations stepped up pressure to cut purchases of the commodity from the Persian Gulf nation.

China, the world’s second-biggest crude consumer, bought 2.22 million tons of oil from Iran in May. That’s equivalent to more than 524,000 barrels a day, up 35 percent from the 390,000 barrels a day purchased in April.

China Crude Imports From Iran Climb to Highest This Year - Bloomberg

 

[kkacer]

Iran China

 

[Chinese Century]

magnificent news.

middle finger firmly shown to the US and that ugly witch Hillary.

it feels awesome to have an independent foreign policy, thats what freedom is all about.
i love it, i love it, i looooooove it.

 

[Shoaib Rathore]

Good work China and Iran. That america cant do anything if the rulers of the country are loyal.

 

[rashtriya.rifles]

it is still lower than previous year

innocent chinese don't know their masters

 

[Chinese Century]

it is still lower than previous year

innocent chinese don't know their masters

thats because imports are recovering from the first quater price dispute.

 

[kkacer]

it is still lower than previous year

innocent chinese don't know their masters

almost same, it's very good number when we facing 2012 global fiancial crisis you know.

 

[IndoCarib]

thats because imports are recovering from the first quater price dispute.

It is because China hopes for this ;

China likely to get waiver from tough US sanctions on Iran - The Economic Times

 

[kkacer]

magnificent news.

middle finger firmly shown to the US and that ugly witch Hillary.

it feels awesome to have an independent foreign policy, thats what freedom is all about.
i love it, i love it, i looooooove it.

'middle finger firmly shown to the US and that ugly witch Hillary' haha i like it

 

[kawaraj]

it's quite the logic thing. while China has the magnitude to fend off US sanctions India is out of capacity to do that.

india would be likewise if it's matter the same as China does.

 

[Chinese-Dragon]

it's quite the logic thing. while China has the magnitude to fend off US sanctions India is out of capacity to do that.

india would be likewise if it's matter the same as China does.

America is punishing India with their credit rating agencies, even AFTER India bowed to them on the Iranian oil issue.

India bows to US pressure, cuts Iran oil imports - Times Of India

What can India do, they can barely stand as it is, under the weight of their massive annual budget/fiscal/trade deficits.

 

[anon45]

China Imports of Iranian Crude Fall in May, Customs Says - Bloomberg

China’s imports of crude oil from Iran fell 2.3 percent from a year earlier to 2.22 million metric tons in May, according to data released today by the General Administration of Customs. Purchases were 1.59 million tons in April.

Woops, its compared to a year earlier, nvm.

Still means China is importing less than last year.

 

[Chinese-Dragon]

Woops, its compared to a year earlier, nvm.

Still means China is importing less than last year.

Only in terms of nominal supply, i.e. metric tons.

Considering the massive rise in oil prices, we are actually importing far more in terms of value.

China Crude Imports From Iran Climb to Highest This Year - Businessweek

China paid about $120 for each barrel of crude it bought from Iran last month, down from about $122 in April, the customs data show. Total crude imports cost an average $120 a barrel compared with $123 the prior month.

Considering the massive rise in oil prices, the Iranian Government is actually receiving a higher cash flow than it did previously.

 

[kkacer]

China Imports of Iranian Crude Fall in May, Customs Says - Bloomberg



Woops, its compared to a year earlier, nvm.

Still means China is importing less than last year.

the output of australia's iron ore drops over 30 per cent compared to a year earlier

so, it's very good number when we are facing 2012 global fiancial crisis.

 

[kollang]

thank you CHINA