Title : China Vows To Buy Iran Oil Despite U.S. Sanctions
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China Vows To Buy Iran Oil Despite U.S. Sanctions
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi
Reuters: China defies U.S. pressure as EU parts ways with Iranian oil
BEIJING/SINGAPORE (Reuters) - China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline while European companies such as France’s Total are walking away due to fear of reprisals from Washington.
The United States is trying to halt Iranian oil exports in an effort to force Tehran to negotiate a new nuclear agreement and to curb its influence in the Middle East.
China, which has cut imports of U.S. crude amid a trade war with Washington, has said it opposes unilateral sanctions and defended its commercial ties with Iran.
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Update: China moves to keep buying Iranian oil despite US sanctions: report (The Hill)
WNU Editor: This hurts .... French oil giant Total officially quits US sanctions-hit Iran (France 24).
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