Jan. 24 – Recent sanctions placed on Iran by the United States and European Union, aimed at pressuring the Iranian government into halting its nuclear weapons program with a trade embargo, have caused a serious diplomatic dilemma for China – a major importer of Iranian oil.
The United States has introduced new legislation which will allow for punitive sanctions on foreign banks and businesses facilitating the Iranian oil trade. In a move that demonstrates the conviction of the U.S. authorities for upholding the new law, oil firm Zhuhai Zhenrong has been the first Chinese business placed under sanctions for selling petroleum products to Iran. Continue reading




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Jun. 30 – Chinese energy companies are looking to grab a stake in western Canada’s abundant oil sands to support China’s growing and developing appetite for oil.
