Sanctions against Iran Why Vietnam benefit
Initiated by the United States, “the Iranian oil embargo” obviously has been the response of the Chinese. Since January of this year, China has been a substantial reduction decided to oil purchases from Iran Daily in January this year, a decrease of approximately 28.5 million barrels, compared to last year, 55 million barrels of daily imports from Iran’s imports of petroleum, petrochemical, this the decision means that Sinopec imports from Iran’s crude oil will be cut in half.
As the world’s fourth largest oil-producing countries, Iran holds an important position in China’s energy strategy. China’s foreign oil dependency has increased to 55%, 47% from the Middle East, Iran, Saudi Arabia is the most important sources of oil country. The relevant statistics show that during January-November 2011, China’s oil imports from Iran reached 25.3 million tons, or about 555,000 barrels a day.
In addition, China’s total investment in Iranian oil and gas has more than 40 billion U.S. dollars. PetroChina holds a 75% interest in the MIS oilfield of Iran and oilfield operations the right, also has a total area of 8309 square kilometers “block” the integration of exploration and development of buyback contracts, Iran’s largest Chinese-funded oil prices. However, oil has recently slowed down investment in Iran, the main reason for non-economic factors, pressure – pressure from the United States.
Now, thanks to the United States stepped up to draw the countries oil embargo on Iran, all have undergone a change. Chinese response to the upgrade of the game in the United States and Iran, was forced to reduce its oil imports from Iran. To meet the demand for domestic oil consumption, China has begun to find new sources of oil to replace the vacancy left by Iran. Therefore, Vietnam, China lock is an important goal for the expansion of the source of oil imports.
A prominent example is the China United Oil Company for the first time to PetroVietnam to buy 40 million barrels of oil, the premium the phase Bibulante oil prices also higher than $ 7.5, and only as compared to August 2011, according to Brent oil pricing Since the highest level of the grade of oil a few cents. Market participants, then, China imported a batch of oil in Vietnam, paid almost a record high prices.
I did not expect, China’s participation in the Iranian oil embargo allows Vietnam to benefit from. Roy Jordan said, global energy company headquartered in London and consultant, said the oil from West Africa and the Middle East, arrived in China to take a long time, so they are ready to get oil from Vietnam overpayments. China’s imports of oil in Vietnam is an obvious alternative, because of its convenient location, but also a high-quality oil.
Chinese oil imports from Vietnam, Vietnam is much desired. Vietnamese had tasted the sweetness of the economic interests of the other hand, is equal to China disguised form of recognition of the legalization of Vietnam in the South China Sea oil production. Vietnamese exports of oil from the exclusive economic zone of China’s oil resources – the South China Sea. In this regard, some commentators in the evaluation of the Chinese high-priced purchase the Vietnam Oil and questioned whether this initiative in China in the default of the illegal occupation of Vietnam on Nansha, and oil extracted from these places to earn money in China?
While this questioning is rather biased, but China’s participation in sanctions against Iran, to expand oil imports channels, why then selected to exist in the territorial waters territorial dispute with China, Vietnam, and the country’s oil imports at high prices, which is tantamount continue to encourage Vietnamese occupation, swallowed China’s territorial waters to plunder the valuable oil resources in China. This is not the government take, then say to their own nationals?
As we all know, Vietnam turned out to be oil-resource-poor countries. In recent years, Vietnam has invited foreign companies to jointly develop oil and gas. Vietnam Oil and Gas Group signed 76 contracts with foreign oil companies. Why do you want to please so many foreign companies to develop? The most important reason is oil has become an important economic pillar of Vietnam and the Vietnamese side and not enough development capacity, technology, capital there are serious problems.
Vietnam mining large quantities of oil foreign oil companies in China’s Nansha Islands, transformed into a net exporter of oil by a pure oil-importing countries, to obtain at least $ 10 billion more than the proceeds from the Nansha oil exports each year. Vietnam sold with these dollar from the South China Sea oil to Russia and other countries to purchase a large number of advanced aircraft, Kilo-class submarines, anti-ship missiles against China, to prepare for China.
In fact, the Vietnamese anxious more state intervention, the better the South China Sea, some time ago with great fanfare in Vietnam to pull India’s occupation is an example. Because the South China Sea issue is more international, more will touch upon the interests of many countries, Vietnam is just benefit from it. In this case, the Chinese from Vietnam, imported oil is tantamount to help Vietnam a favor – to resolve disputes in the South China Sea with Vietnam in the future even more passive.
Processing your request, Please wait....
