China keeps gasoline supply flowing to Iran

February 27, 2012 15:45


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


DUBAI/SINGAPORE - China has helped Iran dodge tightening sanctions this year by regularly selling it much-needed gasoline, shipping and trade sources said, but rising tensions could force even some Chinese companies to stop, at least temporarily.

China is the biggest buyer of Iranian crude oil and has condemned US censure of one of its top trading companies for the gasoline trade. Beijing operates free of sanctions imposed by the United States and European Union.A total of 350,000 tonnes, or around 10 cargoes of gasoline were shipped since the start of the year, shipping and trade sources said. Although an major oil producer, Iran's aging refineries struggle to produce enough fuel and imports are vital to fill the shortfall.

China's state oil traders - Unipec, Zhuhai Zhenrong Corp and Chinaoil - were among the regular gasoline suppliers of Iran, five Gulf-based oil traders said. The companies were not immediately available for comment.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
July 22, 2019
Mosquitoes carrying West Nile Fever found in Samaria


Cookie Settings