Beijing Fuels Iran With as Much as One-Third of Gas Imports

by Benjamin Domenech on 12:22 am September 23, 2009

This is power: “Traders and bankers familiar with Iran’s purchasing said the gap left by the withdrawal of such long-standing suppliers had been filled by Chinese petrol this month. While Iran is one of the world’s biggest oil producers its refineries are dilapidated and it suffers from runaway petrol demand because of generous subsidies.”

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