Report: China offers Iran $3 billion oil deal as Europe halts purchases

Report: China offers Iran $3 billion oil deal as Europe halts purchases

by WorldTribune Staff, January 18, 2019 Looking to take advantage of a U.S. sanctions waiver, China’s Sinopec has offered $3 billion to Iran to develop the Yadavaran oil field, a report said. The Chinese state-run energy company reportedly told its Iranian government-owned counterpart, the National Iranian Oil Co., that it wanted China’s share of the […]

In bow to Trump, China instructs state-owned firms to stop buying Iran’s oil

In bow to Trump, China instructs state-owned firms to stop buying Iran’s oil

by WorldTribune Staff, October 26, 2018 In a major victory for U.S. President Donald Trump, China has instructed its export-finance bank and largest state-run oil refineries to cease purchasing Iranian oil. Reuters quoted Chinese officials as saying they feared running afoul of U.S. sanctions which kick in on Nov. 4, adding that it was uncertain […]