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China’s oil imports from Iran take a great leap forward


 

From the Wall Street Journal:

BEIJING—China’s crude-oil imports from Iran last year were up 30% from 2010, to 27.76 million metric tons, China’s General Administration of Customs reported Saturday. That works out to about 557,000 barrels a day.

China’s overall crude imports were up just 6.1%.

That 557,000 barrels a day is about 10% more than Enbridge’s Northern Gateway pipeline would send to the B.C. coast, although it’s unlikely Gateway would export only to China.

Angela Merkel, in China this week, will urge Beijing to cut oil imports from Iran. U.S. Treasury Secretary Tim Geithner delivered the same message on a trip two weeks ago.

Stephen Harper leaves for China next Monday.

 

 


 

China’s oil imports from Iran take a great leap forward

  1. How many barrels of oil can fit in the cargo hold of the PM’s plane?

  2. Are you implying that it’s better for China to buy Canadian oil instead of undermining UN sanctions against a near-nuclear Iran by buying Iranian oil?  Sounds like a book.

  3. Now maybe we’ll stop ‘sanctioning’ countries….it doesn’t work.

    • So do you think the sanctions that were levelled at South Africa in the 1980s did not work?  Do you think Canada et al. should not have imposed them?

      • T’ain’t the 1980s Bean….Berlin Wall didn’t fall till 1989, and that reconfigured everything.

        It’s a different time, and a different world now.

  4. So how does this work again? We sanction Iran and stop buying oil from them.
    They reduce prices.
    Chinese buy more at reduced prices.
    We then expect the Chinese.. the Chinese of all people, who already went through their own Great Leap Forward where they let ideology trump resource control.. to pay higher prices from us because.. why again?

  5. Oh dear i fear Ezra may have to add a chapter to his book…now it’s not just ehtical oil…it’s ethical no nukes for Iran and save the whole world oil..

    …er but what about reducing America’s dependency on foreign oil and end terrorist states influence sorta thing? Well, there is always SK to dig up yet i suppose?

    No need for the PM to arrange for another interview with Peter yet though, i’m pretty sure the timelines are just a wee bit tight.

  6. Don’t see how this will work – India intends to keep buying.  Even if Saudi et al can ramp up production to fill in for Iran’s usual quota, China is counting on getting cheap, cheap Iranian oil.  The gold-bug world is chirping that they are trading gold for oil.  Harper’s visit won’t change anything but he is sure to voice the same message as the EU and US.

    “NEW DELHI: India Tuesday said it will continue buying Iranian oil despite US sanctions and is not about to seek a waiver from Washington.”We have accepted sanctions which are made by the United Nations. Other sanctions do not apply to individual countries,” Foreign Secretary Ranjan Mathai told reporters here.”
    http://timesofindia.indiatimes.com/india/Will-keep-buying-Iranian-oil-says-India/articleshow/11528075.cms 

    “China stands to be the biggest beneficiary of U.S. and European plans for sanctions on Iran’s oil sales in an effort to pressure the regime to abandon its nuclear program.

    As European Union members negotiate an Iranian oil embargo and the U.S. begins work on imposing sanctions to complicate global payments for Iranian oil, Chinese refiners already may be taking advantage of the mounting pressure. China is demanding discounts and better terms on Iranian crude, oil analysts and sanctions advocates said in interviews.”

    http://www.businessweek.com/news/2012-01-23/china-gets-cheaper-iran-oil-as-u-s-pays-tab-for-hormuz-patrols.html  

  7. Most likely Angela Merkel is there for negotiations to use China as a Middle Man for Iranian oil!
    LOL!
    Selling less oil will only benefit Iran in the long run & if EU truly stops buying Iranian oil then Oil prices will increase due to increased demands & the worse case for Iran would be that it will sell less oil & make the same as it did b4 the sanctions mainly due to an increase in the price of oil! ether way Iran is not losing anything because it still has it’s oil 

  8. “Stephen Harper leaves for China next Monday.”

    I keep waiting for your update. I see the tags, China, ethical oil, SH…and wonder when the other shoe will drop.

    I guess I’m not a patient man…ok why is SH off to China in this context? He can’t be serious about linking the ludicrous concept of EO to Iranian nukes, can he?

  9. I wonder how Jason Kenney feels about serving in a government that gets down on its knees to beg China to buy our oil.

    I wonder what positions he would take on China-Canada relations if he runs in a future Conservative leadership race.

  10. “………Soon will the present-day order be rolled up, and a new one spread out in its stead.”
     
    (Baha’u’llah-Gleanings from the Writings of Baha’u’llah,p. 7)

     

  11. “The
    time for the destruction of the world and its people,” Bahá’u’lláh’s prophetic
    pen has proclaimed, “hath arrived.” “The hour is approaching,” He specifically
    affirms, “when the most great convulsion will have appeared.” “The promised day
    is come, the day when tormenting trials will have surged above your heads, and
    beneath your feet, saying: ‘Taste ye what your hands have wrought!’” “Soon
    shall the blasts of His chastisement beat upon you, and the dust of hell
    enshroud you.” And again: “And when the appointed hour is come, there shall
    suddenly appear that which shall cause the limbs of mankind to quake.”

    “The
    day is approaching when its [civilization’s] flame will devour the cities, when
    the Tongue of Grandeur will proclaim: ‘The Kingdom is God’s, the Almighty, the
    All-Praised!’” “The day will soon come,” He, referring to the foolish ones of
    the earth, has written, “whereon they will cry out for help and receive no
    answer.” “The day is approaching,” He moreover has prophesied, “when the
    wrathful anger of the Almighty will have taken hold of them. He, verily, is the
    Omnipotent, the All-Subduing, the Most Powerful. He shall cleanse the earth from the
    defilement of their corruption, and shall give it for an heritage unto such of His
    servants as are nigh unto Him.” (The Promised Day Is Come p.1)

  12. In 1941 Shoghi Effendi (The Guardian of the Baha’i’ Faith)
    castigated the prevalent trends of society in no uncertain terms:

    “Although Europe was the cradle of a “godless”, a
    “highly-vaunted yet lamentably defective civilization”,       

    The foremost protagonist of that civilization
    was now the United States and that, in that country, at the present time, its
    manifestations had led to a degree of unbridled materialism which now presented
    a danger to the entire world.”

  13. “The unity of
    the human race… the establishment of a world commonwealth in which all nations,
    races, creeds and classes are closely and permanently united, …. its state
    members and personal freedom and initiative of the individuals that compose
    them are definitely and completely safeguarded….it, consist of a world
    legislature, whose members will, as the trustees of the whole of mankind,
    ultimately control the entire resources of all the component nations, and will
    enact such laws as shall be required to regulate the life, satisfy the needs
    and adjust the relationships of all races and peoples. A world executive,
    backed by an international Force, will carry out the decisions arrived at…this
    world legislature, will safeguard the organic unity of the whole commonwealth.
    A world tribunal will adjudicate and deliver its compulsory and final verdict
    in all and any disputes… A mechanism of world inter-communication will be
    devised…”

               (Baha’u’llah,
    The Proclamation of Baha’u’llah, p. x)

  14. “The unity of the human race, as envisaged by
    Bahá’u’lláh, implies the establishment of a world commonwealth in which all
    nations, races, creeds and classes are closely and permanently united, and in
    which the autonomy of its state members and personal freedom and initiative of
    the individuals that compose them are definitely and completely safeguarded.
    This commonwealth must, as far as we can visualize it, consist of a world
    legislature, whose members will, as the trustees of the whole of mankind,
    ultimately control the entire resources of all the component nations, and will
    enact such laws as shall be required to regulate the life, satisfy the needs
    and adjust the relationships of all races and peoples. A world executive,
    backed by an international Force, will carry out the decisions arrived at, and
    apply the laws enacted by, this world legislature, and will safeguard the
    organic unity of the whole commonwealth. A world tribunal will adjudicate and
    deliver its compulsory and final verdict in all and any disputes that may arise
    between the various elements constituting this universal system. A mechanism of
    world inter-communication will be devised, embracing the whole planet, freed
    from national hindrances and restrictions, and functioning with marvelous swiftness
    and perfect regularity. A world metropolis will act as the nerve centre of a
    world civilization, the focus towards which the unifying forces of life will
    converge and from which its energizing influences will radiate. A world
    language will either be invented or chosen from among the existing languages
    and will be taught in the schools of all the federated nations as an auxiliary
    to their mother tongue. A world script, a world literature, a uniform and
    universal system of currency, of weights and measures, will simplify and
    facilitate intercourse and understanding among the nations and races of
    mankind. In such a world society, science and religion, the two most potent
    forces in human life, will be reconciled, will co-operate, and will
    harmoniously develop. The press will, under such a system, while giving full
    scope to the expression of the diversified views and convictions of mankind,
    cease to be mischievously manipulated by vested interests, whether private or
    public, and will be liberated from the influence of contending governments and
    peoples. The economic resources of the world will be organized, its sources of
    raw materials will be tapped and fully utilized, its markets will be
    co-ordinated and developed, and the distribution of its products will be
    equitably regulated.

     

    “National rivalries, hatreds and intrigues will cease,
    and racial animosity and prejudice will be replaced by racial amity,
    understanding and co-operation. The causes of religious strife will be
    permanently removed, economic barriers and restrictions will be completely
    abolished, and the inordinate distinction between classes will be obliterated.
    Destitution on the one hand, and gross accumulation of ownership on the other,
    will disappear. The enormous energy dissipated and wasted on war, whether
    economic or political, will be consecrated to such ends as will extend the
    range of human inventions and technical development, to the increase of the
    productivity of mankind, to the extermination of disease, to the extension of
    scientific research, to the raising of the standard of physical health, to the
    sharpening and refinement of the human brain, to the exploitation of the unused
    and unsuspected resources of the planet, to the prolongation of human life, and
    to the furtherance of any other agency that can stimulate the intellectual, the
    moral, and spiritual life of the entire human race.

     

                (Baha’u’llah,
    The Proclamation of Baha’u’llah, p. xii)

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