Iran Economy NewsIran crude exports to China's Sinopec to fall a...

Iran crude exports to China’s Sinopec to fall a third in Jan

-

Reuters: Iran’s crude exports to China Sinopec Corp for January loading are set to fall by about 165,000 barrels per day, or a third from December, as the Chinese firm and its Iranian counterpart haggle over terms to renew a 2012 supply pact, Chinese industry sources told Reuters.

BEIJING Dec 14 (Reuters) – Iran’s crude exports to China Sinopec Corp for January loading are set to fall by about 165,000 barrels per day, or a third from December, as the Chinese firm and its Iranian counterpart haggle over terms to renew a 2012 supply pact, Chinese industry sources told Reuters.

“It’s the face-off between the two companies for the term deal. January liftings will be hit. February could also be affected,” said a refinery official.

(Reporting by Chen Aizhu, Judy Hua and Jim Bai; Editing by Sugita Katyal)

Latest news

The Role of Students and Universities in Iran’s Nationwide Uprising

In the national uprising of the people of Iran, which started in mid-September this year, the students played a...

Snapback Sanctions, a Must Response to Iran’s Human Rights Abuse and JCPOA Violations

The protests in Iran have been going on for more than two months, even though the regime is cracking...

Growing Disintegration Among Iran Regime’s Forces

Iran has been shaken by a wave of nationwide protests since mid-September. The trigger was the death of the...

Grim Tidings for Iran’s Regime After Approval of UN Fact-Finding Mission

After many discussions and debates, the United Nations Human Rights Council has approved a fact-finding mission to investigate the...

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Must read

US military could hit Iran harder than Israel: Panetta

AFP: A US military attack on Iran would do...

Iran VP seeks trial for Obama over nuclear remarks

Iran Focus: Tehran, Apr. 12 - A senior Iranian official...

You might also likeRELATED
Recommended to you