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Iran to redirect flow of exported oil from Japan to Chicoms
From East-Asia-Intel, subscription req'd.LONDON â Iran wants to replace Japan with China as its largest energy client. The friend of my enemy is not necessarly my friend. Officials said Teheran no longer wants to give preference to Japan for Iranian crude oil and natural gas exports. China, which seeks to become a major arms exporter to the Middle East, would instead become the preferred importer of Iranian energy, the officials said. "Japan is our number one energy importer due to historical reasons," outgoing Iranian Oil Minister Bijan Namdar Zanganeh told the China Business weekly magazine. "But we would like to give preference to exports to China. From the supply side, we have no difficulties." They have cash. We have oil. No problem. In November 2004, China and Iran signed a $70 billion agreement for Beijing's import of Iranian liquefied natural gas. The memorandum of understanding called for the Chinese import of Iranian LNG for 25 years as well as Chinese development of Iran's Yadavaran oil field in Khuzestan. Posted by: Alaska Paul 2005-09-01 |
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