Some 20 million barrels of Iranian oil sitting on China's shores in the nor...
SINGAPORE - Some 20 million barrels of Iranian oil sitting on China’s shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens its stance on importing crude from Tehran.
The oil is being held in so-called bonded storage tanks at the port, which means it has yet to clear Chinese customs. Despite a six-month waiver to the start of May that allowed China to continue some Iranian imports, shipping data shows little of this oil has been moved. “No responsible Chinese company with any international exposure will have anything to do with Iran oil unless they are specifically told by the Chinese government to do so,” said Tilak Doshi of oil and gas consultancy Muse, Stancil & Co in Singapore.
“Iran is now desperate and will deal with anyone with steep discounts as long as they get paid somehow,” said Doshi.Some Iranian oil sent to Dalian has moved, according to a ship tracking analyst at Refinitiv. Zhenrong was started in the 1990s and brokered the first oil supply deals between Iran and China. At that time, Iran was supplying oil to China to pay for arms supplied by Beijing during the 1980-88 Iran-Iraq war.An official at the general manager’s office with Zhuhai Zhenrong’s office in Beijing said he could not immediately comment. The company did not reply to a fax seeking comment.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US reportedly warns China over hostile non-naval vessels in South China SeaThe head of the U.S. Navy has warned China that hostile behavior from its coast guard and fishing boats will not be treated any differently from the Chinese navy, the Financial Times reported on Sunday.
Consulte Mais informação »
China determined to “steal its way” up the economic ladder, says FBI Director Christopher WrayThe remarks came as China gathered more than 150 nations and international organizations seeking up to $1 trillion in investment, though the U.S. was among those notably absent.
Consulte Mais informação »
Here's why China and India will remain defiant amid threat of US sanctions for Iranian oil importsPresident Donald Trump's administration announced Monday that buyers of Iranian oil must stop purchases by May 1 or face sanctions.
Consulte Mais informação »
Belt and Road repairs fix only some potholesBeijing's gathering this week to promote its $1 trln-plus foreign policy push comes after a year of unprecedented troubles, from Pakistan to Malaysia. Under pressure, China has shown some welcome flexibility. But U.S. hostility is ramping up too; that’s far harder to pave over.
Consulte Mais informação »
Fly me to the moon: Germany eyes slice of lucrative space marketBERLIN Reuters) - Facing tough competition from China, the United States and eve...
Consulte Mais informação »
Military spending around the world is boomingAmerica and China are committing vast sums to their armed forces
Consulte Mais informação »
US and China need to show 'flexibility' on trade talks, says World Economic Forum'I think they are now pretty close to the moment where there will be a breakthrough,' Børge Brende, president of the World Economic Forum, told CNBC's 'Capital Connection' on Sunday.
Consulte Mais informação »
Asian shares rise on strong U.S. GDP, eyes on Fed, ChinaAsian stock markets edged up on Monday after surprising strong U.S. first-quarte...
Consulte Mais informação »
Cannavaro steps down from China postFabio Cannavaro has said he is standing down as interim coach of the Chinese nat...
Consulte Mais informação »
US-China trade talks are in the 'final laps,' Treasury Secretary Mnuchin saysTrade talks between the U.S. and China are now in the final stages, said Treasury Secretary Steven Mnuchin, ahead of a meeting between negotiators from both sides in Beijing this week, according to a New York Times report.
Consulte Mais informação »