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Author Topic: UPDATE 1-Chinese tanker loads Iranian oil, first since July Back to Topics
NOTSOGRN

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Michigan

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Message Posted: Apr 2, 2013 2:15:39 PM

A Chinese tanker loaded crude in Iran in March, according to shipping data and an industry official, the first time a China-flagged ship has transported Iranian crude since EU sanctions imposed last July stopped insurers covering the shipments.

The United States and Europe imposed tough sanctions in 2012 that aim to choke Iran's oil revenue and force the Islamic Republic to halt its disputed nuclear programme.

Unable to find insurance for its own vessels because of the sanctions, China has relied mainly on the National Iranian Tanker Company (NITC) to ship Iran's crude to Chinese refineries over the past nine months.

If China has put in place a system of insurance for its own vessels allowing them to participate in the trade again, the country's refineries could boost imports.
Visit REUTERS for full article
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Bttlecat
Champion Author Oklahoma City

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Message Posted: Apr 3, 2013 10:29:45 AM

'what happens in' china stays all over the world
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endymion
Champion Author New York

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Message Posted: Apr 3, 2013 10:26:29 AM

Leave it to our Most Favored Nation trading partner to undermine the US and Western World policy.
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qwerty17
Champion Author New Jersey

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Message Posted: Apr 2, 2013 10:33:16 PM

creeps.
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Radar1992
Champion Author Virginia

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Message Posted: Apr 2, 2013 8:56:35 PM

No rules apply to China....
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humblepie
Champion Author Toledo

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Message Posted: Apr 2, 2013 5:47:14 PM

this is just the first one in the news
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Apr 2, 2013 5:21:28 PM

Not surprise China go by there own rule. watch and see.
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VomVom
Champion Author Calgary

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Message Posted: Apr 2, 2013 3:28:52 PM

Sanction does not work unless the entire world community is on side. India, China and recently, Pakistan, are more concerned with securing oil for their industries and to improve their economies than worrying about sanctions on Iran.

[Edited by: VomVom at 4/2/2013 3:29:58 PM EST]
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ss70
Champion Author Detroit

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Message Posted: Apr 2, 2013 3:15:18 PM

If DC has guts , take on China ...
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ObieDog
Champion Author Maryland

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Message Posted: Apr 2, 2013 3:07:51 PM

What embargo?
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mastermariner
Champion Author Texas

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Message Posted: Apr 2, 2013 3:05:27 PM

To be expected
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Tucker16
Champion Author Ottawa

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Message Posted: Apr 2, 2013 2:31:43 PM

Boooooo
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Previvor
All-Star Author Virginia

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Message Posted: Apr 2, 2013 2:28:20 PM

Not surpiring
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djwhit
Champion Author Ohio

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Message Posted: Apr 2, 2013 2:18:12 PM

THATS GREAT,WORK TOGETHER.......
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