China’s crude oil imports come mainly from Russia, IRAN, Brazil, and the United States.
Strangely, China supposedly imports roughly 1.1 Million barrels per day of crude oil from "Malaysia"... but that's way more than Malaysia is even capable of producing. Add to that the oil China supposedly buys from Iraq, Oman and UAE.
In reality, analysts believe that China is relabeling oil from Iran as being shipped from countries like Malaysia, the United Arab Emirates, Iraq and Oman to avoid U.S. sanctions against countries doing business with Iran.
China also imports crude oil from Brazil at roughly 498,000 b/d to 755,000 b/d, and from the United States by between 158,000 b/d to 286,000 b/d.
Since China DOESN'T officially receive any oil at all from Iran... they won't mind if some military action removes Iranian oil production from the market, right? Just saying. Iran is producing 3.3 Million b/d... and somebody is buying it. Guess who?
China’s crude oil imports come mainly from Russia, IRAN, Brazil, and the United States.
Strangely, China supposedly imports roughly 1.1 Million barrels per day of crude oil from "Malaysia"... but that's way more than Malaysia is even capable of producing. Add to that the oil China supposedly buys from Iraq, Oman and UAE.
In reality, analysts believe that China is relabeling oil from Iran as being shipped from countries like Malaysia, the United Arab Emirates, Iraq and Oman to avoid U.S. sanctions against countries doing business with Iran.
China also imports crude oil from Brazil at roughly 498,000 b/d to 755,000 b/d, and from the United States by between 158,000 b/d to 286,000 b/d.
Since China DOESN'T officially receive any oil at all from Iran... they won't mind if some military action removes Iranian oil production from the market, right? Just saying. Iran is producing 3.3 Million b/d... and somebody is buying it. Guess who?
Is it not handy to have some assets in the area to interdict such trade?