Iran is now relying on the Asia’s rising dragon to be a helping hand in its oil sales as the US sanctions impede foreign Iranian crude flow. The latest data show China is trying hard to prove the US can’t affect its economy.
After one year of the imposition of oil sanctions, Iran’s economy now enjoys a stable status. Iran expects friend countries to act more actively in buying Iranian oil, Iran’s Vice President Jahangiri said.
Data by the French company Kpler show that the oil has been delivered at one of the Sinopec’s refineries. It would be the second oil shipment from Iran to China following the end of US sanctions waivers on 2 May.
The Iranian authorities are seeking to attract up to two million Chinese tourists a year after Tehran decided to unilaterally revoke visa regime for citizens of the wealthy Asian country.
Data from oil tankers show that an Iranian oil carrier has berthed at a Chinese port to be the first confirmed delivery of Iranian crude purchase after 2 May when the US didn’t extend oil sanctions waivers for clients of Iranian energy.
Iranian Foreign Minister Mohammad Javad Zarif says his country is in talks with several regional countries to do business in national currencies.
The Iranian president has said that his country is prepared to facilitate business opportunities for the economic activities of the Shanghai Cooperation Organisation businessmen and women.
India, Japan and China are Iran’s three biggest oil clients that have stopped their purchases after Trump Administration didn’t renew sanctions waivers. Iranian Foreign Minister Mohammad Javad Zarif has finished his Asian tour to rally these countries’ support behind Tehran at a time of heightened tensions with the US.
The 32nd book fair held at the Iranian capital is offering thousands of books about China and its culture in a bid to revive the old Silk Road through cultural exchanges.
China International Contractors’ Association (CHINCA) says it wants to invest more in various projects in Iran as trade volume between two countries is eye-catching. He doesn’t detail which sectors are on its list.