US sanctions win a valuable point: China stops buying Iranian oil

China, one of Iran’s biggest customers, has stopped buying its regular 1,6 bpd of oil since Washington cancelled all exemptions on its sanctions on Iranian oil sales.  The WSJ citing Iranian oil industry sources reports that the Chinese-owned tanker which loaded up at the oil terminal on Kharg Island in mid-May, was presumed to be continuing purchases for Beijing. However, the tanker subsequently sailed to Indonesia, and at the moment remains docked off the coast of Iran in the Gulf of Oman. Those sources say the tanker is being used for storage since all onshore tanks are full for lack of sales.

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5 thoughts on “US sanctions win a valuable point: China stops buying Iranian oil

  • May 28, 2019 @ 13:56 at 13:56
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    After unloading in Indonesia the crude will be loaded in few parts delivering it to ports all over the globe. Sanctions Smanctions.

    Reply
  • May 28, 2019 @ 14:49 at 14:49
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    Bye-bye Mullahya, Welcome Iran!

    Reply
  • May 28, 2019 @ 22:46 at 22:46
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    what the fake news debka did not mentioned
    india will start oi import from iran from june

    Reply
    • May 29, 2019 @ 2:07 at 2:07
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      India prepares the Independence Day on 15 August, and then a little later they go with the Diwali, a great festival. It is custom for them to have a red dot painted just above the eyebrows.
      They might buy couple barrels to extract make-up things, but not more.
      Selling oil is not good business for Iran right now.
      Iran better sells and sends out ayatollahs and mullahs, of these they have a lot, maybe too much!

      Reply
  • May 29, 2019 @ 7:51 at 7:51
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    The question is: Is Iran continuing to evade sanctions with help of other nations, or not? Are they still making money off their oil or other resources or not? That is the bottom line.

    Reply

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