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* The United States did not obtain meaningful cooperation from other countries.
* Sanctions did not seem to work.
* The United States could not get any meaningful support for sanctions.
* Russia and China -- both of which will be key players if sanctions are to work
* The U.S.-Israeli relationship deteriorated dramatically during the game, leading to a deep diplomatic crisis.
* Iran saw itself in a strong position and played accordingly.
* Iran emerged better off at the end of the game than it had been at the beginning. By December 2010, it had doubled its supply of low-enriched uranium and was proceeding to weaponization.
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Jan. 28 (Bloomberg) -- Saudi Arabian Oil Co., the world’s biggest crude producer, is exporting about 1 million barrels a day to China, more than to the U.S., Chief Executive Officer Khalid al-Falih said.
“We are already exporting more to China than to the U.S.,” he said today in an interview in Davos, Switzerland. “We are prudent and careful about where to invest but our eyes are focused on China and we will continue to look for all opportunities.”
The U.S. imported 1.014 million barrels of oil a day from Saudi Arabia in the nine months through September, according to the Energy Information Administration. China and Saudi Arabia aim to boost trade 50 percent to $60 billion by 2015, the state- owned Saudi Press Agency reported this month, citing Chinese Trade Minister Chen Deming.source
Why Is Iran Importing Gasoline?Other oil-rich nations don't have to.
Two weeks ago, Iran's parliament approved legislation aimed at controlling the ballooning cost of the country's gasoline imports by getting Iranians to drive less. This may seem odd, given that Iran has the world's third-largest oil reserves and used to give gasoline away for pennies per gallon. Why are they now importing fuel?
The country's aging and inefficient refineries can't meet its swelling demand for gasoline. Iran may be brimming with crude oil, but it can't convert enough of the raw product into refined fuels like diesel, kerosene, or gasoline. International sanctions and political pressure from the United States and other countries have discouraged multinational energy companies from making large-scale investments in Iran's infrastructure. Meanwhile, Iranian domestic energy policy—including heavy subsidies for gasoline—has encouraged waste and increased domestic demand.
Refineries don't come cheap: In the United States, it can cost billions of dollars to set up a brand-new facility. Iran might be able to put one together for less, given its more relaxed environmental regulations. But the Iranians would still need to make a huge investment to offset their high demand for gasoline and reduce the need for imports. Other countries draw development money from energy companies in exchange for market access. But many companies have shied away from making such deals with Iran. They face direct sanctions from the United States and United Nations, as well as political pressure discouraging involvement. More generally, Iran is known for a restrictive, bureaucratic business environment that can scare off investment.
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July 30, 2009 —
Iran's recent invitation to Chinese oil companies and banks to invest $43 billion in Iran's oil industry was understandably dismaying to U.S. policymakers. After all, Tehran is attempting to trade access to its abundant oil and natural gas reserves for diplomatic support on its uranium enrichment program, and China's growing appetite for energy makes it vulnerable to such temptations.
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Sino-Iranian relations and the growing West-East oil divide
Political pressure from Washington has, to a certain degree, motivated some of the world's largest oil traders to stop supplying gasoline to Iran in recent months. As a result, the crude-rich but gasoline-short country is looking for alternative supply partners such as China, a shift that has the potential to reshape the long-term international oil and gas political scene.
Although it holds the world's third largest oil reserves and is the fourth largest oil producer, Iran needs to import significant volumes of oil products to meet its rapidly rising demand. The pace of this demand growth has been boosted by large subsidies as a result of which the Iranian motorist pays some of the lowest gasoline prices in the world, typically about $0.50 per gallon, compared to nearly $3.00 per gallon in the US.
The recent decision by major oil traders to cease supply to Iran puts the country in a delicate position and highlights its dependency. However, the impact could be limited as Iran seeks alternative supply partners. Could these alternatives change the center of gravity in the oil and gas world?
For its part, China finds in Iran a permanent partner for its exports and a source of crude oil that services its growing energy appetite. China is already an active partner, with Chinese oil and gas companies investing large sums in Iran and signing ambitious contracts. This shows that not only do Western embargoes and political pressure have a limited impact; they could also be counter-productive as Iran succeeds in finding new partners in Asia while Western companies miss high-return business opportunities.
Instead, Western leaders should remember that, prior to the Islamic Revolution in 1979, Iran served their interests well in strategic and economic terms. The current policy of tightening the screw on the Iranian oil industry is unlikely to succeed either in throttling the Iranian economy or in destabilizing the government. In fact, as long as Chinese and other companies continue to do business there, US-led boycotts are likely to prove futile.
Monday, 15 Mar 2010
AP reported that Royal Dutch Shell Plc has stopped selling gasoline to Iran, the latest company to cease business with a country that is increasingly targeted by US encouraged sanctions.
Mr Rayiner Winzenried a Shell spokesman in The Hague said that "We do not currently sell any gasoline to Iran. He declined to say when the sales to Tehran were halted or to relate the move to the call for tighter sanctions.
The reports said that the Dutch Swiss traders Mr Vitol Holding BV and Mr Trafigura also have halted sales to Iran, as has Glencore International AG, another Swiss based commodities trader. The United States and its Western allies have been pushing for another round of UN sanctions to force Iran freeze its uranium enrichment program. Iran has repeatedly said its nuclear program is designed for peaceful purposes.
March 13, 2010
The American Israel Public Affairs Committee is calling on the U.S. Congress to take several immediate steps in response to a New York Times report revealing that the federal government has awarded more than $107 billion in grants, contracts and other benefits to foreign and multinational U.S. companies conducting business in Iran.
In a rare move, the pro-Israel lobby has sent a sharply worded letter to every member of Congress calling for an investigation into why three successive administrations have failed under existing law to determine what companies have invested in the Iranian energy sector.
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Iran Sanctions Are Failing. What's Next?
Has the U.S. abandoned plans to target the Iranian regime's access to banking and credit and to isolate Iranian air and shipping transport? While recent reports to that effect have been strenuously denied by the administration, it has become clear that Secretary of State Hillary Clinton's promise of "crippling sanctions" and President Barack Obama's "aggressive" penalties are little more than talk. The administration simply cannot persuade a critical mass of nations to join with it.
After months of begging, China will agree only to discuss the possibility of a fourth U.N. Security Council resolution punishing Tehran's noncompliance with its nonproliferation commitments. But along with Russia, it has already ruled out any measures to target the regime or the Iranian Revolutionary Guard. Even nonpermanent U.N. Security Council members Japan, Brazil and Turkey have reportedly rebuffed the administration requests to support tougher sanctions.
In the past few weeks, among other reported business with Iran, Turkey announced it was mulling a $5.5 billion investment in Iran's natural-gas sector. Iran and Pakistan signed a deal paving the way for the construction of a major pipeline. And a unit of China National Petroleum inked a $143 million contract with Iran's state-run North Drilling Company to deliver equipment for NDC's Persian Gulf oil fields.
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Israel will send its most senior military strategist to China this week to convince Beijing that it is serious about plans to bomb nuclear facilities in Iran if international sanctions fail to curb Tehran’s development of atomic weapons.
The visit, part of an intense round of diplomacy between China and Israel, follows signs that Beijing will shortly back tougher economic sanctions against Iran at the United Nations security council.
China, which has the power of veto, has previously resisted such a move. President Barack Obama held an hour-long telephone call with President Hu Jintao last week. Hu will now attend a nuclear security summit to be hosted by Obama next week in Washington.
Diplomatic observers have been astonished by the pace of Israeli diplomacy in China.
Major-General Amir Eshel, who heads the Israeli army’s planning directorate, will fly to Beijing this week. Eshel, an air force pilot, will warn China of the international consequences of military action, particularly the potential disruption to oil supplies on which much of China’s manufacturing and international trade depend. Tougher sanctions, he will argue, are the lesser of two evils.
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The Israeli lobbying in Beijing has not gone unnoticed in Tehran. Last week Saeed Jalili, the senior Iranian nuclear negotiator, rushed to Beijing to warn the Chinese authorities that stepping up sanctions could cost them dearly.China relies on Iran as an oil supplier and trade partner and is the world’s second largest importer of crude oil.
Saudi Arabia, the biggest supplier of crude oil to China, recently promised to supply all the oil it needs at a cheaper rate than Iran in return for supporting sanctions.
China to send Iran gasoline
As UN mulls sanctions, Beijing fills void left by European firms.
SINGAPORE — A state-owned Chinese refiner plans to ship 30,000 metric tons of gasoline to Iran after European traders halted shipments ahead of possible new UN sanctions, according to Singapore ship brokers.
Beijing has growing commercial and political ties with Iran and has resisted US pressure for sanctions to press Teheran to abandon its nuclear program. Chinese officials say the country is entitled to energy trade.
Unipec, the trading arm of China Petroleum & Chemical Corp., or Sinopec, plans to load the oil tanker Hongbo with the gasoline Thursday in Singapore, said the brokers, who asked not to be identified further to avoid jeopardizing customer relations.
They said the tanker will likely go directly to Iran.
The gasoline shipment suggests Chinese refiners are moving to fill the void left by European suppliers, who halted sales to Iran earlier this year.
A deputy Chinese foreign minister, Cui Tiankai, said Tuesday that China is ready to discuss all ideas that UN Security Council members put forward to deal with Iran's nuclear program. But he said any agreement on Iran must involve all parties, not just one or two countries.
Cui said Iran's legitimate right to have energy trade with other countries should not be undermined as the world pursues a settlement of the nuclear standoff. Beijing's position on energy could make it more difficult for the United States and China to resolve differences on Iran.
Iran denies it intends to build an atomic bomb, and despite widespread concern about its intentions, President Barack Obama is having difficulty getting agreement on a new set of UN sanctions. He said Tuesday that his Chinese counterpart, Hu Jintao, assured him that Beijing would participate in drafting sessions at the United Nations on strong sanctions.
Recent tensions between China and the West are likely a sign of things to come. Western policymakers will have to get used to it.
Recent diplomatic and economic disputes between China and the West have caught many by surprise. It wasn’t all that long ago that China could do no wrong. Besides its seemingly unstoppable economic growth, the country was said to be acquiring soft power, earning respect and charming its way around the world. Its leaders were regarded as smart, sophisticated and far-sighted. Its diplomats were praised as diligent, knowledgeable and smooth.
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