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Thread: Iran, Nukes, War Casualties and Assorted Accusations

  1. #106
    Turbanator Senior Contributor Double Edge's Avatar
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    Turns out that China halving its imports from Iran for the month of January was down to a commercial dispute with Iran rather than for political reasons. China is back up to 500k barrels.

    So Much for Sanctions: China, Iran Iron Out Oil Agreement | WSJ Blog | Feb 17 2012

    February 17, 2012, 9:06 PM HKT

    So Much for Sanctions: China, Iran Iron Out Oil Agreement

    China has, at least for now, dashed any hopes that it plans to obey tighter U.S. sanctions against Iran after hammering out an agreement to resume some imports of Iranian crude.

    State-owned Unipec, one of China’s top importers, reached an agreement with National Iranian Oil Co. earlier this week to renew an annual supply contract that had lapsed at the end of the year.

    During the negotiations, which dragged into February and were only resolved after a visit to Beijing by Iran’s deputy oil minister, imports fell by about 280,000 barrels a day and halved the amount of Iranian crude shipped to China in January and February.

    Although the timing of the cuts coincided with a renewed push by the international community to apply pressure to Iran over its nuclear activities, the agreement underscores that China’s dispute with Iran was strictly commercial rather political.

    Beijing is typically pragmatic about its relationships with key oil producers such as Iran, which is China’s third-largest supplier of crude after Saudi Arabia and Angola.

    Several state-backed oil companies all renewed contracts with NOIC last year, well before U.S. sanctions were tightened, and Unipec was expected to follow suit. But with the U.S. and E.U. moving to target Iran’s financial and oil sectors, Unipec may have found itself in a better bargaining position at a time when it already sought lower prices for crude supply.

    China has steadfastly defended its economic ties with Iran, and U.S. officials are typically met with a chilly reception whenever they address China’s crude purchases.

    Earlier this year, the U.S. slapped sanctions on Zhuhai Zhenrong, China’s largest buyer of Iranian crude, accusing the company of selling gasoline to Iran. The move was largely symbolic, considering that Zhuhai has no known assets or business ties to the U.S.

    Meanwhile, the timing of the agreement also coincides with a visit by Xi Jinping, China’s next leader, to the U.S., where he is hearing concerns over Iran’s nuclear program and is being encouraged to cooperate with international efforts on Iran.

    The move by Unipec sends a strong message that while China recognizes the need to resolve Iran’s nuclear issue, it isn’t about to cave to Western pressure.

    – Wayne Ma

    Iran to increase oil export to China to 500K bpd in 2012 | China Forum | Feb 17 2012
    Fri Feb 17, 2012 4:29PM GMT

    The National Iranian Oil Company (NIOC) has reached an agreement with the International United Petroleum and Chemical Corporation (UNIPEC) to increase oil exports to China to 500,000 barrels per day (bpd).

    The agreement with UNIPEC, indicates that a decline in Iranian crude exports to China earlier this year was due to a commercial dispute rather than political reasons, Dow Jones Newswires reported

    According to the report, the deal is another sign that China has no immediate plans to obey US sanctions, which were toughened late last year to increase pressure on Iran over its peaceful nuclear activities.

    On the New Year’s Eve, the US President Barack Obama signed into law new sanctions which aim to penalize other countries for dealing with Iran's central bank and importing its crude oil. The European Union also banned Iran oil imports by its members on January 23.

    Major Asian oil consumers, China, India, and South Korea, along with Iraq and Turkey have already asked for waivers on US oil sanctions against Iran.

    Although the terms of the new contract between NIOC and UNIPEC have not been made public, last year's contract was for 220,000 bpd of crude and 60,000 bpd of condensate from Iran's South Pars gas field.

    Iran's deputy oil minister headed a delegation to China this week to negotiate a new crude supply contract and other joint projects in oil, gas and petrochemicals with Beijing.

    The new agreement comes following those negotiations and is expected to increase Iran's oil shipments to China to above 500,000 barrels a day in 2012.

    During a briefing in Washington on February 14, China’s Deputy Foreign Minister Cui Tiankai dismissed US-led sanctions on Iran to force the Islamic Republic into freezing its peaceful nuclear program, stressing that Beijing intends to pursue its "legitimate economic interests" with Tehran.

    The United States, Israel, and their allies accuse Tehran of pursuing military objectives in its nuclear program with Washington and Tel Aviv repeatedly threatening Tehran with the "option" of a military strike against its atomic facilities.

    Iran argues that as a signatory to the Nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has every right to develop and acquire nuclear technology for peaceful purposes.

  2. #107
    S2
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    So, as predicted, the Chinese leveraged the Iranians. Since when is a whore of any ilk not opportunistic? Or their "john"? These are the laws of supply and demand being exercised at their (pardon the pun) crudest.
    Dreadnought likes this.
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  3. #108
    Turbanator Senior Contributor Double Edge's Avatar
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    And all this when Xi Jingping is over for a visit

    Wonder what they spoke about.

  4. #109
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    The weather?
    "This aggression will not stand, man!" Jeff Lebowski
    "The only true currency in this bankrupt world is what you share with someone else when you're uncool." Lester Bangs

  5. #110
    Senior Contributor Doktor's Avatar
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    Quote Originally Posted by S2 View Post
    The weather?
    That's saved for London. The Brits are obsessed with the weather.
    No such thing as a good tax - Churchill

    To make mistakes is human. To blame someone else for your mistake, is strategic.

  6. #111
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    Perhaps they discussed the interesting times in which they live?
    Doktor likes this.
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  7. #112
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    Without stating the bleeding obvious it began with O and has 3 letters.

  8. #113
    Senior Contributor Doktor's Avatar
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    Quote Originally Posted by snapper View Post
    Without stating the bleeding obvious it began with O and has 3 letters.
    NO WAY!!! The Chinese? I was told it is the Americans who are after the O.
    No such thing as a good tax - Churchill

    To make mistakes is human. To blame someone else for your mistake, is strategic.

  9. #114
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    We are slowly moving into an age where international cause is increasingly becoming inconsequential. As nations become increasingly moral-less in their disgusting pursuit for selfish interests, it will only become even more difficult for any international effort to achieve anything meaningful to curb human suffering. Dictators will only be able to be toppled from within by their own civitisens, i don't know if this is a good thing or not.

  10. #115
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    Quote Originally Posted by Zinja View Post
    As nations become increasingly moral-less in their disgusting pursuit for selfish interests, it will only become even more difficult for any international effort to achieve anything meaningful to curb human suffering.

    This is highly amusing. So the past pursuits of selfish interests of the European colonial powers and later the US and USSR were just brimming with morals is it?

    The only difference now is that the former victims of these past pursuits have started their own pursuit of selfish interests.
    Last edited by Firestorm; 22 Feb 12, at 00:21.

  11. #116
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    Quote Originally Posted by Firestorm View Post

    This is highly amusing. So the past pursuits of selfish interests of the European colonial powers and later the US and USSR were just brimming with morals is it?

    The only difference now is that the former victims of these past pursuits have started their own pursuit of selfish interests.
    Whether those selfish interests are pursuit by mother Teresa or Robert Mugabe makes it no more justifiable. 6,000 people are dead in the ME, tens of thousands probably continue to die in NK, nations can pontificate in international arena for the demise of another nation with impunity, and you still think this is about European colonialism and cold war? You are so out of date mate!

  12. #117
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    Quote Originally Posted by Zinja View Post
    Whether those selfish interests are pursuit by mother Teresa or Robert Mugabe makes it no more justifiable. 6,000 people are dead in the ME, tens of thousands probably continue to die in NK, nations can pontificate in international arena for the demise of another nation with impunity, and you still think this is about European colonialism and cold war? You are so out of date mate!
    I was merely pointing out that your statement was factually wrong. Nations aren't getting more selfish or immoral in pursuing their interests. They always were. The only difference is that previously subdued nations are now joining the fray.

  13. #118
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    Quote Originally Posted by Zinja View Post
    Whether those selfish interests are pursuit by mother Teresa or Robert Mugabe makes it no more justifiable. 6,000 people are dead in the ME, tens of thousands probably continue to die in NK, nations can pontificate in international arena for the demise of another nation with impunity, and you still think this is about European colonialism and cold war? You are so out of date mate!
    Huh? Not to sound cinical, but 6000 isn't that many , and on the nations politics part I can generally see a real improvement. Just look back in history, politics haven't change that much in the last 3000 thousand years or so, but the methods got mutch better in the last decades

  14. #119
    Turbanator Senior Contributor Double Edge's Avatar
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    Things are moving slowly but surely...

    More crude sought from Saudi Arabia | The Hindu | Feb 23 2012

    Seeking to lessen its dependence on Iran crude oil in view of rising tensions due to sanctions by the U.S. and the EU against Iran, India on Thursday asked Saudi Arabia for an additional 5 million tonnes of crude oil for next fiscal.

    Briefing journalists after his bilateral meeting with visiting Assistant Minister for Petroleum Affairs Abdul Aziz Bin Salman bin Abdulaziz, Minister of State for Petroleum and Natural Gas R. P. N. Singh said India had sought 5 million tonnes more crude oil from Saudi Arabia in 2012-13. India buys 27 million tonnes of crude oil per annum from Saudi Arabia while its annual import from Iran is about 17 million tonnes.

    Mr. Abdulaziz said Indian companies would have to approach Saudi Aramco, Saudi Arabia's National Oil Company, for their requirements and as long as they could work out a commercial relationship, it was fine with the government. He said his country had a spare production capacity of 2.5 million barrels per day beyond the current output of 9.8 million barrels a day. India also sought more LPG from Saudi Arabia to meet growing energy needs.

    Mr. Singh said India's refining capacity was increasing and lot of additional crude would be required and that was something for which the country was looking towards Saudi Arabia and other oil producing countries.

    Mr. Singh said he conveyed India's requirement of incremental quantities of Saudi Arabian oil in the years ahead considering the ongoing expansion in refining capacity in the country. Also, India sought more LPG to meet rural cooking gas demand. India imports nearly 2 million tonnes of LPG from Saudi Arabia.

    In a related development, state-owned Hindustan Petroleum Corporation Ltd (HPCL) has decided to double crude oil imports from Saudi Arabia next fiscal and cut purchases from Iran by over 14 per cent.

    HPCL, in 2012-13, has proposed to buy 3.5 million tonnes of crude oil from Saudi Aramco of Saudi Arabia against 1.75 million tonnes of oil bought in the current year. It will cut down purchases from Iran to 3 million tonnes in the year beginning April from 3.5 million tonnes in the current year.

  15. #120
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    The answer to much of the world's current tensions and problems:



    If we could assume for a moment that cheap Chinese-made "Mr. Fusions" were available at the low, low cost of $99.99, would the ME calm down? I know it's not all about oil like the mantra says, but some of it certainly is. The specter of a finite energy supply has nations shaking a bit.

    I guess one way to look at it - Before fossil fuels became important, mankind and Nation-States were still hammering each other with great regularity. You can't pin Napoleon's wars of conquest on oil.

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