Industrialized Cyclist Notepad


But there isn’t any

U.S. Secretary of State Hillary Rodham Clinton urged energy-starved India on Monday to reduce its Iranian oil imports to keep up pressure on the Islamic republic to come clean about its nuclear program.

In meetings in the capital, New Delhi, Ms. Clinton was expected to push for India to find alternative sources of oil on the international market.

uhh…

Earlier Monday, she told a town hall meeting in the eastern city of Kolkata that there’s an adequate supply in the market for India to find other suppliers. Ms. Clinton noted India has taken some steps to reduce its imports from Iran but she says the U.S. wants to see more.

“If there weren’t an adequate supply … we would understand, but we believe that there is adequate supply,” she said.

Do they really believe that? Because that is impressively delusional, even for these Champions of Delusion.

Or… Is there really something else going on here? Ah yes — Wal-Mart wants to open in India, and the US is using the threat of sanctions to shoehorn ’em in.

When asked whether India could get a waiver from the Iran sanctions, Ms. Clinton said it was too early to discuss that possibility.

Ms. Clinton also met Monday with West Bengal Chief Minister Mamata Banerjee, a key partner of India’s ruling coalition who has stymied government efforts to lift restrictions on foreign-owned investments in the country.

Ms. Clinton had a long conversation with Ms. Banerjee about allowing multi-brand retailers, such as Wal-Mart, enter the market, U.S. officials said after the meeting.

Last year, India’s Cabinet had to rescind a decision to open up its market to major foreign retailers after Ms. Banerjee balked at the move, saying it would crush small domestic retailers.

Ah ha. You see how this works.

via Clinton presses India to cut oil imports from Iran – The Globe and Mail.



Reuters: China’s Unipec to take less Iran oil in 2012

Who to believe… Who to believe.

Iran’s oil ministry, National Iranian Oil Co (NIOC) will sell 240,000 barrels per day (bpd) of oil to China’s state oil trader Zhuhai Zhenrong in 2012, the same volume as last year, but volumes sold to Unipec, the trading arm of China’s top refiner Sinopec Corp, will be reduced.

Under the 2011 contract, Unipec lifted 260,000 bpd day of crude from Iran.

via UPDATE 2-China's Unipec to take less Iran oil in 2012 | Reuters.



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!.



US allies seek to continue importing Iran oil
January 8, 2012, 06:14
Filed under: Uncategorized | Tags: , , , , , ,

India is exploring all options to find a way out to make oil payments to Iran as there are chances that Turkey, through which it is making payment, may come under pressure after a fresh round of U.S. sanctions imposed on Iran.

India currently pays Iran about $1 billion every month through Turkey for the 370,000 barrels a day of crude oil it buys from the world’s fourth-largest oil producer.

According to sources, India is holding talks with Russia for routing payments to Iran. Discussions with United States are also going on for a possible relaxation or waiver in the sanctions.

via India exploring ways of making oil payments to Iran | Calcutta News.Net

Iran sanctions lead U.S. allies in Asia to seek special arrangements in order to continue, perhaps increase, imports from Iran. This is an interesting way for the US to increase leverage against any country that imports a lot of oil from Iran, including China. Anything about these workarounds in the US press?