Tag: Persian Gulf

[2014] China and the Middle East: More Than Oil

Tina Marie (Ms. Cat)

China and the Middle East: More Than Oil

While China’s heavy dependence on Middle Eastern oil is an established fact, less is known about China’s early efforts to establish broad energy ties with the Middle East. Back in 1983, before the Chinese economy really took off, the overseas construction arm of China National Petroleum Corporation (CNPC) moved into the Kuwaiti market and later won an oil storage reconstruction project in 1995. Beijing also signed the Strategic Oil Cooperation agreement with Saudi Arabia in 1999, which laid the foundation for Saudi Arabia to become and remain China’s largest oil supplier. In exchange for stable crude supply, China has courted Saudi investment for expanding its refining capacity. One example is China Petroleum and Chemical Corporation’s (SINOPEC) meeting with Saudi Aramco to discuss a stake in a $1.2-billion refinery in the Chinese city of Qingdao. The two sides further joined hands in a $3.5-billion venture in Fujian province that included greater refinery capacity.4

MEK Israel Derailing Failed – Democrats Try New Tactic

Tina Marie (Ms. Cat)

MEK Israel Derailing Failed – Democrats Try New Tactic

US Secretary of State Antony Blinken has alleged that negotiators don’t yet know if Tehran is serious about making a deal in Vienna. The US negotiators are talking with Iran’s negotiators on the sidelines of the meetings of the remaining JCPOA signatories. But perhaps the opposite is true. In spite of severe provocation, Iran did not abandon the talks and has kept its baseline proposition – if the US wants to re-join the JCPOA it must credibly lift sanctions and Iran will scale back its nuclear enrichment to agreed levels. Maybe, by focusing heavily on Iran’s compliance without offering a clear commitment to lifting the sanctions, it is the US that is not serious about the talks.