The Cradle
China to receive two million barrels of Iranian oil, despite US sanctions
Iran has been cooperating with China, Russia, Venezuela, and Cuba in order to bypass the effects of US economic sanctions
By News Desk - May 19 2022
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(Photo credit: Press TV)

China is scheduled to receive around two million barrels of Iranian crude oil this week that it will pump into an oil terminal in the Zhanjiang city of Guangdong province, southwest of the country.

The oil will be discharged by the Diona crude oil carrier owned by the National Iranian Tanker Company (NITC), according to Vortexa Analytics, an agency that specializes in tanker tracking.

“This would be the third Iranian oil cargo destined for government stockpile following two similar-sized shipments in December and January,” the agency reported.

Despite ongoing economic sanctions imposed on Iran by the US, China has been purchasing large amounts of Iranian oil over the past two years.

Iran plays a crucial role in the Belt and Road Initiative, a mega-infrastructure and economic initiative launched by Beijing to link the economies of Europe, Asia, and Africa, with an eye on expanding to Latin America.

Over recent years, Iran has played an instrumental role in cooperating with other countries to overcome the effects of punitive US sanctions.

On 3 May, Iranian Oil Minister Javad Owji met with Venezuelan President Nicolas Maduro in Caracas to discuss energy relations and ways to overcome the repercussions of US sanctions unilaterally imposed on the two countries.

Venezuela and Iran have recently stepped up energy cooperation to overcome sanctions, with Venezuela importing condensate and thinners from Iran.

Back in January, an Iranian supertanker started discharging about two million barrels of Iranian condensate at the main port of Venezuela’s state-run oil company, as part of a bilateral deal that defies the US sanctions imposed on both nations.

On 17 May, UN Special Rapporteur Alena Douhan said the US must lift economic sanctions on Iran due to the harmful impact they have on the Iranian people.

“I call on the United States to abandon unilateral sanctions,” the UN special rapporteur told a press conference in Tehran.

Douhan went further, saying that the application of “extra-territorial sanctions on Iranian companies or companies working with Iran or paying Iran in dollars is illegal under international law.”

The UN official said she would address her concerns over the legality of US sanctions in her final report, to be published at a later date.