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China chooses Saudi Arabia and Iran instead of Russia - Russia will lose its share of the oil market in China - VIDEO PDF Print E-mail
Tuesday, 19 January 2016 14:43

According to Deputy Minister of Foreign Affairs of the PRC, the main purpose of the visit the President of Kitaya- signing of agreements on the establishment of the comprehensive strategic partnership, as the cooperation between China and Saudi Arabia in the energy sector is an important part of their interaction, however, China will start a strategic cooperation with Iran in this field, hoping that Chinese companies will be engaged in the exploration, extraction and processing of hydrocarbons in Iran. In this regard, it can be expected that the share of Russian oil supplies to China will decline as the share of oil supplies from Saudi Arabia and Iran, and forecast an increase in the supply of Russian oil to 30 million tons in 2014 to 50 million tons per year by 2020 already unlikely. This is supported by the construction of Chinese companies a huge storage tanks on the islands in the South China Sea, including the disputed Paracel Islands, occupied by China, which is on the sea route from the Middle East to China, at a time when about the construction of such storage tanks in the provinces China's border with Russia can not hear anything. Also, China's investment in oil infrastructure and refining capacity in the Middle East are not currently ravnyh- is building huge oil refinery in Saudi Arabia and Egypt. Thus, China has a strategic goal to replace petrodollars nefteyuan, pursuing a consistent strategy for the development of refineries in partnership with the OPEC suppliers, creating new economic levers that could surpass US relations with the Middle East.  China's relations with the oil supply Rossiey- is just one of the many areas of diversification of oil supplies to China, because the hope for China's assistance in increasing the consumption and supply of Russian oil for rubli- nothing justified. The domestic market in Egypt, Saudi Arabia and Iran are much more important to China than Russia's domestic market, solvency and tovarooobrot Russia and China decreased significantly after the devaluation, pushing Russia to the end of the list of attractiveness to export Chinese companies. So, if subsequently the EU and US to impose oil sanctions on Russia, sell Russian oil will nekomu- China already has a multibillion-dollar contracts in Saudi Arabia and Egypt to build the refinery, roads and other infrastructure does, it is expected that this week will be entered into such contracts and with Iran, because of this, it is unlikely that China will abandon its Middle East partner for Russia, as the main prize in the China Middle Vostoke- force to abandon the petrodollar and go to nefteyuan, making China the most economically powerful country in the world.  A relationship with Russian oil companies may be extended by China only appear as a means of blackmail their Middle Eastern counterparts, in an attempt to bargain for themselves the best conditions that we see now, when many strategic Russian-Chinese agreement on oil and gas, China does not seek to carry out , on the fact of investing more funds in the Middle East and oil storage system is on the way from the Middle East to China and not in the provinces on the border with Russia.


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