SLICK said:

tsmith7559 said:

China has stakes in Oil all over the world, including your country

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53% of Chinas oil imports come from the Arabian peninsula , Saudi Arabia , Angola and Iran are their chief suppliers.

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U.S. and Canadian companies have dominated Alberta's oil sands for decades. Now, though, Chinese firms are rushing to snap up Canadian oil sands resources and invest in ongoing projects - to the tune of $15 billion in the past 18 months in Alberta alone.

Most of the recent deals have been by Chinese companies buying shares in existing projects. For instance, Sinopec spent $4.65 billion last year buying ConocoPhillips' 9 percent stake in Syncrude Canada Ltd., the world's biggest oil sands producer. And earlier this summer, state-owned CNOOC spent $2.1 billion acquiring the bankrupt OPTI Canada, whose main asset was a 35 percent working interest in Nexen's Long Lake oil sands project in Alberta.

Iran is China's third-largest crude supplier behind Angola and Saudi Arabia, shipping around 540,000 barrels per day (bpd) in the first six months of the year, or more than 10 percent of Beijing's 5.1 million bpd of imports. The flow grew 50 percent from the first half of 2010.

The volume of crude Iran sells China has increased even though Chinese traders have said prices of Iranian oil were uncompetitive compared to other Middle East supplies.

The deal underscores the close relationship Iran has with China who has routinely protected the Islamic Republic, and its ally Syria, with its Security Council veto at the UN.

SLICK said:

Iran is China's third-largest crude supplier behind Angola and Saudi Arabia, shipping around 540,000 barrels per day (bpd) in the first six months of the year, or more than 10 percent of Beijing's 5.1 million bpd of imports. The flow grew 50 percent from the first half of 2010.

The volume of crude Iran sells China has increased even though Chinese traders have said prices of Iranian oil were uncompetitive compared to other Middle East supplies.

The deal underscores the close relationship Iran has with China who has routinely protected the Islamic Republic, and its ally Syria, with its Security Council veto at the UN.

Click to expand...

their appetite is growing and there coming for you

tsmith7559 said:

SLICK said:

Iran is China's third-largest crude supplier behind Angola and Saudi Arabia, shipping around 540,000 barrels per day (bpd) in the first six months of the year, or more than 10 percent of Beijing's 5.1 million bpd of imports. The flow grew 50 percent from the first half of 2010.

The volume of crude Iran sells China has increased even though Chinese traders have said prices of Iranian oil were uncompetitive compared to other Middle East supplies.

The deal underscores the close relationship Iran has with China who has routinely protected the Islamic Republic, and its ally Syria, with its Security Council veto at the UN.

Click to expand...

their appetite is growing and there coming for you

Click to expand...

nah...Iran just signed on to pump even more oil to them , and trade even more goods and services...they're becomin quite chummy.