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Iran, Syria and China Oil Deal Flouts Western Sanctions
INTERNATIONAL BUSINESS TIMES ^ | 3/30/2012 | Anissa Haddadi

Posted on 06/08/2012 6:15:23 AM PDT by PieterCasparzen

Iran, Syria and China have been accused of flouting US and EU sanctions in a three-way deal to boost the Syrian regime's bank balance with oil revenues.

Iran, which has backed the Damascus government President Bashar al-Assad thoughout the year-long uprising, has provided Syria with a tanker to ship oil to a Chinese state-run importer, reports have claimed.

The move, in defiance of Western sanctions, could give the Syrian regime an £80m boost, Reuters said.

China has been criticised for vetoing two Western-backed resolutions at the UN which condemn the bloodshed in Syria and step up pressure against Assad. Although Beijing is not bound by the sanctions against Damascus, which include a ban on oil crude import, its involvement in the oil deal will anger US and EU leaders along with Arab League powers.


The source instead identified the Chinese buyer as Zhuhai Zhenrong Corp, a state-run company.

A Zhuhai Zhenrong spokeswoman said: "I've never heard about this." She declined to make any further comments.

The Reuters report claimed that Sytcol had also turned to contacts in Venezuela for help. That deal fell through but Iran stepped in with a tanker, MT Tour.


(Excerpt) Read more at ...

TOPICS: Business/Economy; Foreign Affairs; War on Terror
KEYWORDS: china; europe; europeanunion; france; germany; iran; italy; oil; syria; venezuela; waronterror
In 2010, according to the U.S. Energy Information Administration, Germany, Italy and France together purchased about 3/4 of the oil exported by Syria.

My theory is that the "hard left" inside the U.S. government (which certainly would include the sort of hard-left, sort of mainstream of the Democratic party, i.e., the Clintonistas, Schumers, big-city Democratic machines, etc.) certainly is playing ball with American big corporate/big finance interests to further a pro-China agenda. In their heart of hearts, after all, it's the communism/socialism that they've liked going all the way back to their youth in the 60's. I guess the big question is China "playing" them or are they "playing" China ?

The European political class, with their competitive jealousy of American power, and the American left, with it's disdain for the American success at geopolitical power projection in the 20th century, find themselves both helping the "arab spring", which, by default, includes Syria. Somehow, IMHO, I doubt the European politicians really appreciate how the "Syrian operation" is actually selling them down the river anyway, despite the "conventional wisdom" that the purported State Department interest in promoting said "arab spring" is publicly to "promote democracy" and privately promoting European access to oil. In reality, undoubtedly, the much of the political left in America, various global financial interests, and China are really "on the same page", and the political ambitions of "legacy empires" are actually of secondary concern to this alliance. Of course, "legacy empires", in the understanding of the left wing, includes America itself.

The American right wing, on the other hand, does not view Europe as "legacy" anything, but simply sovereign nations who are historically allies of the U.S. Trouble is, the American right wing is much more prone to support work and savings instead of debt and bailouts. If European politicians could stop worrying about competition and parity of prestige and simply follow the example of entrepreneurialism, Europe could start the road back to prosperity.

Definitely recommend the first cup of coffee before thinking about this.


1 posted on 06/08/2012 6:15:38 AM PDT by PieterCasparzen
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To: PieterCasparzen

The real message here is that Asians absolutely resent European/American presence and interference in their domain. It was suicidal Japan’s rational for launching WWII. Their greatest “victories were expelling the British from Malaysia and China, the French from Indochina, the Dutch from Indonesia and the Americans from the Philippines. Today China is the new power. It will simply not comply with American ordered sanctions unless it was clearly in its national interest. The resentment of American interference on the Asian mainland remains. This time the Chinese have armed the Iranians with a sophisticated shore to ship missile system, as well as other sophisticated capabilities. ( remember the captured drone). These capabilities have given Obama a lot of pause before he commits American forces into another Asian war.

2 posted on 06/08/2012 6:31:12 AM PDT by allendale
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks PieterCasparzen.

3 posted on 06/08/2012 5:18:49 PM PDT by SunkenCiv (
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To: SunkenCiv

If you and those on your list found this post interesting, here’s another on the same topic with actually two links that I found very informative:

The C-Span video is a bit long, but it was very eye-opening, IMHO.

4 posted on 06/09/2012 6:07:12 AM PDT by PieterCasparzen (We have to fix things ourselves.)
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