China Rejects US Led Sanctions On Iran

China rejects US-led sanctions on Iran

Wed Jan 4, 2012 11:1AM GMT


http://previous.presstv.ir/photo/201...4093256450.jpg Chinese Foreign Ministry spokesman Hong Lei

China has voiced strong opposition to the US-led push for unilateral sanctions against Iran over its nuclear program, reiterating that Tehran's nuclear issue must be resolved diplomatically.

"China has consistently believed that sanctions are not the correct way to ease tensions or resolve the issue of Iran's nuclear program," Chinese Foreign Ministry spokesman Hong Lei said at a news briefing in Beijing on Wednesday.

"The correct path is dialogue and negotiations. China opposes putting domestic law above international law to impose unilateral sanctions on another country," he said.

Hong also defended China's oil and trade ties with Iran and criticized the Western sanctions that could frustrate such relations.

"China and Iran have normal and transparent trade and energy exchanges that do not contravene UN Security Council resolutions. The dealings in question should not be affected (by sanctions),” the Chinese foreign ministry spokesman pointed out.

On December 31, US President Barack Obama signed into law fresh economic sanctions against Iran's Central Bank in a bid to punish foreign companies and banks that do business with the Iranian financial institution.

The legislation requires foreign financial firms to make a choice between doing business with Iran's Central Bank and oil sector or with the US financial sector.

It will not, however, go into effect for six months in order to provide oil markets with time to adjust.

It also includes a "waiver" allowing the president to suspend the sanctions in case he decides that the anti-Iran attempt will adversely impact national security interests of the US.

The inclusion of the “waiver” in the bill reflects major concerns among American lawmakers that the bullying approach of the US against the Islamic Republic will backfire across the globe.

Meanwhile, energy experts say the sanctions could lead to a major hike in crude oil prices and disrupt the interests of the US and its allies that depend on oil imports from Iran.

The United States has already barred its own banks from dealing with the Iranian Central Bank.

MP/MB/GHN

http://www.presstv.ir/detail/219268.html

Top 10 buyers of Iran's oil

January 2, 2012 Iran produces about 3.5 million barrels a day of crude with another 500,000 bpd of condensate, exporting about 2.6 million bpd of which 50,000 bpd is refined products, the International Energy Agency estimates.
http://www.kippreport.com/wp-content...eport-news.jpg
OPEC’s second largest producer Iran sells large volumes of oil to China, India, South Korea, Japan and Italy. But Turkey, South Africa and Sri Lanka rely most heavily on Iranian oil as a percentage of imports
U.S. sanctions already forbid imports of Iranian oil. France is pressing the European Union to consider a ban on Iranian oil to discourage Tehran’s nuclear programme.

Iran produces about 3.5 million barrels a day of crude with another 500,000 bpd of condensate, exporting about 2.6 million bpd of which 50,000 bpd is refined products, the International Energy Agency estimates.

The top ten buyers of Iranian crude are as follows. Data is for the second quarter 2011 from the IEA with the exception of China, India and Sri Lanka which are not IEA members. Data for those countries is for first half 2011 from the U.S. Energy Information Administration.

Country Imports k/bpd Percent Imports
1. China 543,000 10
2. India 341,000 11
3. Japan 251,000 5.9
4. Italy 249,000 13.3
5. South Korea 239,000 7.4
6. Turkey 217,000 30.6
7. Spain 149,000 9.6
8. Greece 111,000 34.7
9. South Africa 98,000 25
10.France 78,000 4.4

In addition Sri Lanka imported 39,000 bpd in the first half of the year. It is completely reliant on Iranian oil.

Iran holds around 137 billion barrels of proven oil reserves, or nearly 10 percent of the world total, according to the BP Statistical Review of World Energy 2011. Despite sitting on the world’s second largest reserves of gas, Iran’s growing appetite for its own gas, combined with tightening international sanctions that have throttled its fledgling liquefied natural gas (LNG) programme, have made it a net gas importer for most of the last decade.

Natural gas accounts for 54 percent of Iran’s total domestic energy consumption, while most of the remainder of energy consumption is attributable to oil, according to the EIA.

(Complied by Daniel Fineren and Emma Farge; editing by William Hardy)

http://www.kippreport.com/2012/01/to...-of-irans-oil/

Don't Fall For The Iran War Rhetoric And Propaganda

Karl W B Schwarz
1-5-11

This week was a perfect example of why the Western Media and politicians are wanton liars and are not to be trusted.

Headline: "Ahmandinejad says Sanctions will be Met with Force"

http://www.adnkronos.com/IGN/Aki/Eng...n-Ahmadinejad-says-sanctions-will-be-met-with-force_312811759467.html

Oooh, that sounds like a 'double dare ya' threat tailored specifically for idiot Americans. Do NOT fall for it people!

Well, I wonder that the truth is if I bother to read the article?

Hmm????

Yep, exactly what I thought ­ another MSM lie. What the Iranian president said is the IRAN CENTRAL BANK would meet the damage done by sanctions with force. Not the Iranian military, the IRAN CENTRAL BANK.

What is Hell do you think the bank is going to do? Throw coins at hostile invaders that are lying just like they did to Afghanistan and Iraq?

Oooh, another daring headline: "Iran fires missiles that can sink a battleship with one blow". Well, we are threatening to attack them. Iran is just firing a warning shot to let these liar warmongers know that any attack is going to hurt. They fired at a TARGET, not a US war ship.

What is that old saying: Being forewarned is being warned.

Iran has the absolute right to defend their nation from outside aggressors, such as Israel and the US. The right to defend is not solely that of the US or Israel.

Yet another headlie by the politicos and the main stream media: "Iran is threatening US warships"

Again, a sensationalism headline (aka: headlie) knowing that too many Americans just look at the headlines, not read the article.

Most of the Iranian oil passes through the Strait of Hormuz, so Iran would only close it if they are attacked. Otherwise they have no reason to close it and major oil and LNG contracts with CHINA they have to fulfill. Many EU nations purchase up to 25% of their oil needs from Iran, so agreeing with the US embargo demands is literally harming their own nations. The people in EU are already upset with US meddling and lies yet again, just like Iraq.

As a matter of fact, it is the US that is threatening Iran by deploying a nuclear aircraft carrier attack force right in Iran's backyard and in their face. Get that straight ­ the US is the aggressor in this current climate and their buddies are picking your pockets right now with higher gasoline and home heating costs.

Oooh, Barky signs the 'toughest sanctions yet' because Tehran is not listening and obeying their wannabee Western masters.

As a matter of International Law, and as a signatory to the Nuclear Non-Proliferation Treaty, Iran has the absolute right to develop their uranium reserves and develop nuclear power plants to power their economy. Absolute legal right, until their wannabee masters want them to stop because Iran has the second largest known uranium reserves in the world and the wannabee masters do not want any competition in who is going to provide fuel rods for nuclear power plants.

Get it?

Russia built their nuclear generation plant and says there are NO nuclear weapons program. Until a person at IAEA tried to falsify a report regarding Iran to satisfy the US and UN spin and war rhetoric, the IAEA has found no weapons program. All enriched uranium account for and is for electricity, not nuclear bombs. Even Israel is mumbling so low American readers cannot hear them that there is no evidence that Iran has any nuclear weapons program. Of course, that being from a nation that has a massive nuclear weapons program, blackmails other nations with is and is NOT a signatory to the Nuclear Non-Proliferation Treaty.

So, what is this all about? The West wants total control of Iran and the Iranian people have emphatically said NO WAY. They actually do have a right of self-determination and self-rule, regardless of what Washington DC thinks about that.

Ooh, another titillating headlie for the morons that do not or cannot read: "Iran produces first nuclear fuel rod"

Well, that means fuel for a nuclear reactor to generate electricity, which they have the absolute legal right to do. Has nothing whatsoever to do with a nuclear bomb program.

Of course, your gasoline and energy prices are going up with all of this US-led saber rattling. That will of course push you deeper into debt as those credit card payments will probably have to be late this month and maybe for many months.

Get it?

If you do not get it, you are exactly the type of sucker, fool and moron that DC loves to lie to because you fall for it every time.

Remember 2003: IRAQ HAS WEAPONS OF MASS DESTRUCTION. Total lie then, still a total lie today and the same applies to Iran.

Old saying: Dog bites me first time, his fault. Dog bites me second time, my fault.

Americans need to learn to apply that rule to their lying elected leaders and the current wannabees trying to lie their way into the Oval Office.

I vote that the world SANCTION the United States as brazen, lying warmongers. Enough is enough.

http://www.rense.com/general95/rhett.htm