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.



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