Embargo to Iran - cheap oil for China
China may be the biggest beneficiary as a result of the implementation of European and American plans to impose sanctions on Iranian oil exports, in an attempt to put pressure on Iran to abandon its nuclear program.
As soon as the European Union will begin negotiations for an oil embargo from U.S. officials, the process of paying for Iranian oil more complicated than that, in turn, be sure to use the Chinese refiners. Using the current situation, China will seek discounts and better terms for the purchase of Iranian oil. (more ...)

































