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China Hires at Least Two Supertankers for Iranian Oil, Data Show

Arian

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Jan. 23 (Bloomberg) -- China has hired at least two supertankers to ship oil from Iran as the U.S. and allies try to cut the Islamic Republic’s oil income to pressure it over its nuclear program.

The two supertankers were booked to carry about 2 million barrels of crude from Kharg Island to China, according to Clarkson Research Services Ltd., a unit of the world’s largest shipbroker. Two other ships that called at an Iranian oil terminal are heading for China, according to AISLive Ltd. ship- tracking data compiled by Bloomberg.

China imported 2.4 million metric tons of crude from Iran last month, according to customs data. While European Union diplomats agreed today to embargo Iranian oil and Japan said it would reduce its imports from Iran, China’s vice foreign minister said this month that his government “opposes imposing pressure and sanctions.”

A very large crude carrier called Qi Lian San was booked to load 270,000 tons of crude at Kharg Island from Feb. 3 to Feb. 5 and carry the cargo to China, according to Clarkson. The vessel is anchored near Singapore.

Zhuhai Zhenrong Co., the Chinese oil trader sanctioned by the U.S. Jan. 12 for allegedly selling refined petroleum to Iran, also booked an unidentified ship owned by the National Iranian Tanker Co. to load 265,000 tons of crude in Kharg Island on Jan. 29 and sail to Ningbo, according to Clarkson. The booking was also reported by shipbroker Poten & Partners in New York.

The Davar is sailing to Ningbo after leaving Iran’s Soroosh terminal on Jan. 11, ship-tracking data show, and the Hoda is bound for Shui Dong after calling at the same port on Jan. 18. The National Iranian Tanker Co. owns both very large carriers.


China Hires at Least Two Supertankers for Iranian Oil, Data Show - Businessweek
 
Good. Now is the time to convert FX reserves to oil. China has nothing to do with this 3000 year old Jew-Persian feud.

You mean 33 year old? There is no 3000 year old Jew-Persian feud, but there is 3000 year old Jew-Persian friendship except the last 33 years.
 
This shows the intent China has. Lets hope they continue this support for Irans cause.

The intend this move shows that china is running away from a former friend but taking away as much as his oil possible.

If china is true friend then it should be with Iran in bad times and don't care about any sanction whatsoever.
 
The intend this move shows that china is running away from a former friend but taking away as much as his oil possible.

If china is true friend then it should be with Iran in bad times and don't care about any sanction whatsoever.

india dont have friend so how do you know what is true or not true friend?
 
Good. Now is the time to convert FX reserves to oil. China has nothing to do with this 3000 year old Jew-Persian feud.
well to be honest the feud is not that old even in WW2 we Issued Persian
passport for Jews in Paris .

---------- Post added at 08:37 PM ---------- Previous post was at 08:35 PM ----------

Both India & China`ll give a good business to ran... & off course make Iran hold it`s stance...:tup:
now if the pipeline with Pakistan finish sooner that would be interesting .
 

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