Industrialized Cyclist Notepad


Iran will double oil exports to China in 2012

China is the main beneficiary of US sanctions against Iran, securing more supply at lower prices.

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.

via Iran to increase oil export to China to 500K bpd in 2012 – China Forum – Powered by Discuz!.

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