China complains to U.S. over end to Iran oil sanction waivers
Written by: Actualité à la Une

Beijing - China's Foreign Ministry said on Tuesday it has formally complained to the United States over its decision to end waivers on sanctions on Iranian oil imports, adding another fault line to already complicated Beijing-Washington ties. China is Iran's largest crude oil customer, with total imports last year of 29.27 million tonnes, or about 585,400 barrels a day, roughly 6 percent of China's total oil imports, according to customs data.

Washington has announced that all Iran sanction waivers will end by May, causing crude oil prices to rise and pressuring importers to cut their Iranian imports to zero. China is resolutely opposed to the United States enforcing unilateral sanctions or "long armed jurisdiction", Geng Shuang, a ministry spokesman, told a daily news briefing. "The decision from the U.S. will contribute to volatility in the Middle East and in the international energy market. We urge the United States to take a responsible attitude and play a constructive role, not the opposite," Geng said.

(With Reuters)

 

(Photo: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/RAHEB HOMAVANDI)