China to import oil from Iran despite sanctions

Note: This section contains information in English only.
Source: Marketwatch
China will import oil from Iran due to strong demand and will not be impacted by sanctions of ‘some country', said Zhang Guobao head of Chinese National Energy Administration. The attempt to halt Iranian oil imports has already created global economic difficulties while the planned release of the strategic oil reserves will ease energy's inflationary pressure only in the short run, he added.


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