• 6 hours The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 6 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 7 days "And this is perhaps the most dangerous kind of government there can be."
  • 2 days Demonising fossil fuels has caused major grid problem in Australia
  • 1 day "...too many politicians believe things that aren’t true." says Robert Rapier
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 3 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 328 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 6 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
White House Considers Lifting Gas Tax To Lower Prices

White House Considers Lifting Gas Tax To Lower Prices

Energy Secretary Jennifer Granholm said…

Why Chinese Imports Of U.S. LNG Collapsed

Why Chinese Imports Of U.S. LNG Collapsed

Chinese imports of LNG from…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

U.S. Considers Allowing China To Import Oil From Iran

The U.S. Department of State is discussing allowing China to import oil from Iran as payment for a Chinese company’s investment in an Iranian oilfield, Politico reported on Wednesday, citing U.S. officials and sources.  

The Trump Administration is discussing issuing China a waiver to a 2012 U.S. act on Iranian sanctions that would allow Beijing—Iran’s single biggest oil customer—to import oil from Iran, three U.S. officials told Politico.

The discussions revolve around giving China a waiver to import Iranian oil in exchange for investments that China’s Sinopec has made in an oilfield in Iran. U.S. administration officials have offered Sinopec to grant a waiver for the repayment in oil in official correspondence between the Chinese company and the U.S. Department of State, a source familiar with the matter told Politico.   

The report that the U.S. is mulling over a kind of lenient treatment of Chinese imports of Iranian oil comes days after numerous media reports pointed to China already receiving Iranian oil cargoes despite the U.S. sanctions on Iran’s oil, while the official U.S. position continues to be driving Iran’s oil exports down to zero as soon as possible.

Now that there are no sanction waivers for Iranian oil buyers, the United States will sanction any imports of crude oil from Iran, the U.S. Special Representative for Iran, Brian Hook, said on Friday, reiterating comments he made last month amid reports that China has already imported its first crude oil cargo from Iran that breaches the U.S. sanctions.

“We will sanction any illicit purchases of Iranian crude oil,” Hook said.

Hook added that the U.S. would be looking to check reports that Iranian crude oil tankers have departed and arrived in China after the U.S. removed all sanction waivers for all Iranian crude oil customers.

Last week, an analysis of TankerTrackers showed that Iran had delivered the first crude oil to a Chinese refinery complex since the United States removed as of May the sanction waivers for Iran’s oil buyers.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Mamdouh Salameh on July 03 2019 said:
    Don’t be preposterous by suggesting that China needs permission from the United States to import Iranian crude oil.

    Since US sanctions against Iran were introduced, China has never stopped even for one minute buying Iranian crude. The same applies to India and Turkey.

    I have repeatedly been telling you that China is not Djibouti. It is a superpower in its own right with the world’s largest economy based on purchasing power parity (PPP). Therefore, it doesn’t need US permission to buy oil from Iran or Venezuela.

    And while the US Special Representative for Iran Brian Hook is free to sanction what he describes as “illicit purchases of Iranian crude oil”, China and for that matter India and Turkey will not lose a minute’s sleep over his sanctioning.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News