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Tag Archives: Oil
Myanmar-China Oil Pipeline Set to Commence Pumping in May
Jan. 28 – China National Petroleum Corporation (CNPC) stated that the long awaited Myanmar-China oil and gas pipelines should be operational by May of this year. The 1,100 kilometer pipeline stretches from Kyaukpyu Port on Myanmar’s central west coast, crosses the country from west to east and terminates at Ruili, near Kunming, in Yunnan Province. The pipeline contains two feeder pipes: one containing oil shipped to Kyaukpyu from the Middle East and Africa across the Indian Ocean, and the other containing gas from the Shwe gas fields in the Bay of Bengal. The oil route negates the need for China … Continue reading
India Sends Message to Washington from Tehran
By Abhijit Iyer-Mitra Sept. 1 – The Nonaligned Movement has historically been seen as something of a talk fest—high on statements, missing in action and lacking in cohesion. This week’s summit in Tehran, while mostly living up to the stereotype, was nevertheless important because of what was not said. Of the 120 member states, only twenty-nine sent their heads of government to Iran. President Mahmoud Ahmadinejad chose a reasonably befuddled topic as the theme of the summit—”Lasting peace through joint global governance”—as if either of those will ever materialize. But in spite of one expensive exercise in whispering sweet nothings, … Continue reading
U.S. Exempts China from Iran Sanctions
The United States exempted both China from its sanctions targeting Iran’s oil exports on Thursday, just hours before the deadline. While explaining its decision, the U.S. State Department stated that China had significantly reduced its imports of Iranian crude, and thus like 19 other countries, deserved to be exempted from the rigors of the sanctions.
Photo: PressTV
Posted in Business, Energy, Featured, Foreign Trade, Politics
Tagged China Oil Imports, China-Iran Relations, China-U.S. Relations, Iran, Oil
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U.S. Exempts India from Iran Sanctions, but not China
Jun. 12 – The United States has exempted India and six other countries from sanctions after they significantly reduced their imports of Iranian oil. China, however, has been excluded from this exemption as the U.S. Obama Administration believes that the country has not taken substantial action to reduce its imports of Iranian oil. The U.S. is continuing its negotiations with China – Iran’s primary importer of oil. Under the U.S. sanctions, foreign financial institutions that are doing business with Iran’s central bank to purchase energy resources will be barred from U.S. financial markets. Exemptions on this sanction were given to … Continue reading
Posted in Business, Energy, Foreign Trade, Politics
Tagged Iran, Iran Nuclear Development, Iran Sanctions, Oil
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China and India Vie for Energy Security
The competitive relationship between China and India has become a defining feature of the strategic environment across emerging Asia. While both nations are currently not in direct conflict, there are several areas of strategic interest which could potentially be clashing points in the future. Energy security is one such point.
Photo: Tim Hall/Getty Images
Posted in Business, Culture & History, Featured, Politics
Tagged China-India, Energy, Geopolitics, Natural Gas, Oil, Strait of Malacca
3 Comments
China, India and Japan to Reduce Iranian Oil Imports
China, India and Japan – three of Asia’s largest oil consuming nations – are planning to reduce imports of crude oil from Iran by at least 10 percent in response to mounting pressure from the United States and its Western allies to impose sanctions on the Middle Eastern state. The three countries together purchase nearly half of Iran’s crude oil exports.
Photo: Vahid Salemi/Associated Press