China Exempt from Iran Embargo

[IconOfEvi]

Mutually beneficial nonetheless?

Is a dealer/user relationship mutually beneficial?

[Daft Ego]

Is a dealer/user relationship mutually beneficial?

1. Dealer happy, user happy. No one gets busted.
2. Dealer gets busted, user gets away.
3. Dealer happy, user gets busted
4. Both get busted

TLDR; "YES"

Pure logic, no bullsh!t.

Thank you come again.

[Laworkerbee]

Leverage. I think it does not mean what you think it means.

Really? Like for reals?

[twinblade]

Update 2:45p – State Department released a statement from Secretary of State Hillary Clinton:

Today I have made the determination that two additional countries, China and Singapore, have significantly reduced their volume of crude oil purchases from Iran. As a result, I will report to the Congress that sanctions pursuant to Section 1245(d)(1) of the National Defense Authorization Act (NDAA) for Fiscal Year 2012 will not apply to their financial institutions for a potentially renewable period of 180 days.

Sounds like China complied ?

[Sootan]

http://security.blogs.cnn.com/2012/0...ran-sanctions/

Terran will be happy to hear that.

Will the Zerg and Protoss log their disappointment with the United Earth Directorate?

[Camera]

Sounds like China complied ?

Without endorsing officially the sanctions, China did reduce its consumption of Iranian oil to the level by the percentage was required by US administration.

[Universals]

Without endorsing officially the sanctions, China did reduce its consumption of Iranian oil to the level by the percentage was required by US administration.

Do you know what the required percentages are? From what I understand, they reduced their import of Iranian oil due to pricing dispute but has since increased it after pricing issues were resolved. Apparently, Terran is still pumping 1.5 million bpd even with European embargo virtually in place. I'm assuming that most of that oil is still going to China.

Looks to me like China has the power to bring Iranian economy to its knees and Terran to the negotiating table.

[Camera]

Do you know what the required percentages are? From what I understand, they reduced their import of Iranian oil due to pricing dispute but has since increased it after pricing issues were resolved. Apparently, Terran is still pumping 1.5 million bpd even with European embargo virtually in place. I'm assuming that most of that oil is still going to China.

Looks to me like China has the power to bring Iranian economy to its knees and Terran to the negotiating table.

The required percentage under US law is something like 18% of reduction.
Some 10 days ago, there was an article saying that US State Department observed that China reached the required level of reduction (on a YoY basis) that will give her the possibility to be exampted. I posted the article in an old thread called "India exempted of sanctions, China not".

In fact, Iran is in a difficult situation. Even if she can't sell all the oil she pumps, she can not stop pumping either, because this will damage the wells. For that reason, Iran continues production but much of the oil is just stored. There were reports about Iranian tankers that are filled with oil without leaving the harbors, just to store the oil.
When Iran will run out of storage capacity, she will be forced to stop pumping in some of her wells. This will harm its economy on the medium term because the damage to the wells will be expensive to repair.

[Universals]

oh ok. makes sense. Terran is indeed in a bind with excess oil production. They may have to offer up some of their oil for free to save the wells

[Camera]

oh ok. Makes sense. Terran is indeed in a bind with excess oil production. They may have to offer up some of their oil for free to save the wells

lol.............