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According to the data. tankers unloaded between 4.4 million and 11 million barrels of crude oil in China in July. with some of the oil believed to have gone to China’s strategic oil reserves.
China’s defiance in continuing imports of Iranian oil is said to be a headache for the administration of US President Donald Trump. which recently estimated that between 50 and 70 percent of Iran’s oil exports now head to China.
Data published by China’s General Administration of Customs also showed that the country had imported some 208.205 barrels per day (bpd) of Iran’s oil in June. Crude imports from Iran in June was just around 20 percent down from May when the country had bought 254.016 bpd of Iran`s oil. the data by Chinese customs authorities showed.
The US has decided not to extend its sanctions waivers to eight importers of Iranian crude after the exemptions expired at the beginning of May. But. China and other countries are receiving oil shipments from a large number of Iranian tankers. defying sanctions imposed by the United States to choke off Tehran’s main source of income. according to an investigative report.
China has lashed out at the US decision to end sanctions waivers it granted to some importers of Iranian oil. warning that it will fuel the turmoil in the troubled Middle East and in the global energy markets. Calling the Washington decision a violation of Beijing`s interests. China has stressed that the US is operating outside its jurisdiction in unilaterally imposing the sanctions.
Chinese Foreign Ministry Spokeswoman Hua Chunying said Beijing firmly opposed the sanctions. adding that China’s cooperation with Iran was normal under international law.
We urge the US to correct this wrongdoing and stop its illegal sanctions on companies and individuals. she told reporters at a daily briefing. noting. The US has neglected the legitimate rights of all countries and randomly applies sanctions. this is in violation of international law.
The United States has recently imposed sanctions against a Chinese company that is the biggest buyer of Iranian oil in the world. amid an escalating trade war between Washington and Beijing and US threats against Tehran. It was the first time the US has sanctioned a Chinese company in relation for its campaign of maximum pressure against Iran.
Since the US pulled out of the nuclear deal in May 2018. formally known as the Joint Comprehensive Plan of Action (JCPOA). tensions have mounted between Washington and China. Russia. and even traditional European allies. as the US sought to pressure them into complying with the re-imposition of sanctions.
