The energy affairs magazine quoted a senior source who was linked to the Iranian Oil Ministry, as stating that this enormous investment represents a key point in a new agreement, worth $400, inked between the two countries. This was confirmed during Iranian Foreign Minister Mohammad Javad Zarif’s visit to China in late August, to present a roadmap for the strategic comprehensive partnership agreement, which concluded in 2016.
China’s investment in Iranian oil and gas industry has been put at the focal attention amid trade war between China and US and tight competition of these two countries concurrent with the US sanctions imposed on Iran.
Accordingly, this investment will be made as a solution for bypassing and circumventing US sanctions by Chinese companies.
The CBI vice governor added that up to now, 72 percent of the project has been implemented.
There has been a new wave of interest in ties with Iran since Tehran and the P5+1 group of countries – Russia, China, the US, Britain, France and Germany – reached a deal on Iran’s nuclear program in 2015.
The comprehensive nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions against Iran.
China‘s Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said.
Chinese firms were expected to lift between three million to four million barrels more Iranian oil each quarter in 2017 than last year, four sources with knowledge of the matter estimated. That would be about five percent to seven percent higher than the 620,000 barrels per day (bpd) of Iranian crude the country has imported during the first 11 months of 2016, according to the customs data.
China’s demand for foreign crude could touch new highs as state-run refiners start up new plants and as Beijing allows more independent refiners to import crude, with the country forecast to remain a key driver of 2017 demand growth.
State refiner Sinopec Corp and state-run oil trader Zhuhai Zhenrong Corp, the two biggest Chinese lifters of Iran’s oil, are set to roll over annual supply agreements with National Iranian Oil Co (NIOC), with combined volumes of about 505,000 bpd, two sources with knowledge of the agreements said.
A press official with Sinopec said the company does not comment on operational matters. CNPC and NIOCdid not immediately respond to requests for comment.
Sinopec signed a development deal for the Yadavaran field in late 2007 with CNPCsigning a deal for the North Azadegan field in 2009, after Japanese and European companies pulled out of the projects, both in the southwestern Iranian province of Khuzestan, due to sanctions over Iran’s nuclear program.
Both fields started pumping oil in early 2016, with North Azadegan reaching full production in the third quarter and Yadavaran in the fourth quarter, and they are currently pumping at around 160,000 bpd.
“The terms of return on investment are still being finalized …but it’s safe to say Sinopec is going to lift more from Yadavaran this year than last,” said a Beijing-based oil executive familiar with Sinopec’s operations on Yadavaran.
A separate senior trading source estimated that Sinopec could lift about four million barrels of Yadavaran crude, considered a heavy grade with an API gravity rating of about 25, every quarter this year. The person did not give an earlier comparison.
After first shipments last October, CNPC is expected to lift an average of about three million barrels from North Azadegan each quarter, said a second senior trader with knowledge of CNPC’s Iranian production. /Reuters
Ahmad Sadeqi Golmakani told IRNA that a Chinese state-owned company has inked a memorandum of understanding (MoU) worth $2 billion with the Iranian side to invest in SPEZ.
He said the MoU is considered the biggest foreign investment in that region, adding that foreign investments in Sarakhs Special Economic Zone have increased in the past year.
Several foreign investors from South Korea, Italy and Chinahave recently voiced their willingness to invest in the region, he noted.
SPEZ, which covers an area of 5,290 hectares, is situated the northeast of Iran and connects ports on the Gulf of Oman and the Persian Gulf to Central Asia, the Caucasus and Russia.
In view of its geographical location as in the center of ECO countries, the zone is being considered the golden gate for Central Asia, China and Russia. It connects major trade markets in Central Asia with the Persian Gulf countries in the south of Iran, Europe in the west as well as Afghanistan and Pakistan in the east of the country.
Iran Customs Administration (IRICA) has announced that the country’s volume of non-oil exports to China has experienced a 52 per cent upswing since 2013.
On the basis of a report published by Iran Customs Administration (IRICA), the volume of Iran’s non-oil exports to China from 2009 to 2013 stood at 18.767 billion dollars while the figure for 2013 henceforth has amounted to the aggregate total of 28.514 billion dollars.
Iran’s foreign trade statistics reveal that the country’s non-oil exports have undergone and unprecedented uplift since over the past four years as the volume for China rose from $7.458bn to $9.389bn only one year after the incumbent government took office in 2013.
China’s share in the total volume of Iran’s non-oil exports reached 18 per cent in the first seven months of the current Iranian calendar year (began March 20).
The East Asian country ranks first in the Iranian exports market and purchased a total 4.438 billion dollars of goods from Iran from March 20 to October 21.
Given the natural rise in non-oil exports to China in final months of Iranian years, Iran’s volume of Exports to the East Asian state is expected to rise by 52 per cent since the incumbent Iranian government took office.
Iranian tourism official Mohammad-Ebrahim Larijani said on Monday that Iran has given a priority to attract the Chinese tourists.
Mohammad-Ebrahim Larijani, the director of advertising and marketing office of the Cultural Heritage, Handicrafts and Tourism Organization, said, ‘One of the duties of the marketing and advertising office is tourism awareness by organizing tours to introduce Iran’s tourism capabilities and the tourist sites of the other countries.’
Iran has the largest resource bases for cultural, natural and historical sites in the world and is among the leading countries in terms of its potential for attracting foreign tourists.
He said that in order to achieve the goal, we host eight Chinese tour operators and tourism industry activists and such a procedure will continue until the end of the Iranian year.
Larijani said that Chinese tourism industry activists got acquainted with the capacities of the provinces of Tehran, Isfahan, Yazd, Fars, and East Azarbaijan, and that China is one of the first priorities of the target markets of Iran tourism industry, and their acquaintance with Iran Tourism Potentials, has a great influence on cooperation in the field of tourism.
‘Last year 11 groups of tourists, including 194 tour operators, tourism webloggers, reporter, radio broadcaster, the influential people from different target countries, visited various provinces in the country and became acquainted with the capacities of Iran’s Tourism,’ he said.
‘In the current Iranian year, we are pursuing this action with greater strength; hence, we have hosted a group of people for 11 days in May,’ he said.
The interest of the world Muslims to travel to Iran as pilgrims and pay a visit to the holy shrines and also enjoy its natural sight-seeings and tourist attractions have been the major potential of the tourism industry.
Iranian people are famous for their hospitality and all those who visit Iran appreciate the culture of hospitality Iranians show when they come across the tourists.
About 7.8 million tourists traveled to Iran in the past Iranian year, ended on March 20, 2019, registering 52.5 percent growth compared to the preceding year which was 5.1 million tourists.
”In the past Iranian year sanctions on the tourism sector were also affected by the cancellation or reduction of foreign direct flights, but fortunately the regional markets and China were placed on our agenda to attract foreign tourists and neutralized the effects,” said Ali Asghar Mounesan, the head of Cultural Heritage, Handcrafts and Tourism Organization.
It has been 3 weeks that I travel around Iran. Tomorrow I am leaving this beautiful country. I am sad. And that statement is even underrated. I haven’t posted any photos in Iran because I don’t feel the need to. I don’t need extravagant photos or excellent Instagram feeds to show you. Traveling for me isn’t about that. Yes, photo captures moment that wont come back or perhaps wont happen again. However, story, is on the other hand is extremely important. I can have the most amazing photo in the world, but without story, there is nothing special about it. I genuinely wish anyone who is reading this will be able to visit, see and experience Iran as one of the most complex countries in the history. I wish that you also get to get out of your familiarity to experience and eventually transform into the real you, the truth of who you are.
And yes, I will come back again this year.
WHY I’m GOING to IRAN
I am Anissa Syifa Adriana, otherwise known as Syifa. I am a conversation connoisseur, Indonesian female solo traveler and make-up enthusiast. I started my first solo traveling in June 2014, a coincidence trip, where it was intended for someone I was very close to in the past. I never regret deciding to go because after that, I never look back.
I decided to leave Indonesia since August 2016, to do a long-term traveling. After being on the road for about 5 months, in January 2017 I was offered to teach English in Yinchuan, Northwest China. Instead of going back home, at that time I went straight to China from Vietnam carrying only the remaining USD 300 that I had in my bank account. Arrived in China for the first time, everything felt so intimidating and foreign at the same time. Since then, I am based in Yinchuan, Northwest China and have been loving it.
Thank you again for watching! I hope you get to enjoy the video as much as I am making it.
Let’s keep it positive. Don’t forget to like, share, comment and subscribe 🙂
Till next time!
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1. Sony Alpha a5100 Mirrorless Digital Camera
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3. Sony 16-50 mm Kit Lens
4. Rokinon 12mm F2.0 Ultra Wide Angle
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6. Zoom ZH1 H1
7. Boya BY-MM1 Shotgun Video Microphone
8. BOYA BY-M1 Omnidirectional Lavalier
Iran’s crude oil exports hit 2,617 mbd in April 2018, a new record since implementation of the Joint Comprehensive Plan of Action (JCPOA) back in January 2016.
The record was gained amid US President Donald Trump’s threats to pull out of the deal that was struck between Tehran and the P5+1 group of countries to curb parts of Iran’s nuclear activities in exchange for eased sanctions on the OPEC member’s vital economic sectors.
The National Iranian Oil Company (NIOC) exported an average of 2.877 million barrels per day of crude oil and gas condensate during the month to Asian and European markets which was an unprecedented figure since implementation of the JCPOA.
Iran’s traditional oil customers, China, India, South Korea and Japan, bought over 60% of its petroleum cargoes during the month.
China and India alone imported roughly 1.4 mbd from Iran during the month.
Exports volume for Iran’s crude oil stands at two million and one hundred thousand barrels per day (mb/d) in March 2018. The figure is expected to increase in April 2018.
China and India are the largest buyers of Iranian crude, with more than one million barrels in total.
The figure is expected to reach nearly 1.3 million barrels per day in April, while China and India will maintain their position as the first and second largest oil importers of Iranian crude.
Dutch-British Shell, France Total, Italian ENI and Saras Companies, Greek Hellenic Petroleum and Spain Repsol and Hungary MOL are among Iranian oil customers in Europe.
According to the Oil Ministry’s report, Iran has also exported 400,000 barrels per day of condensates during the March with South Korea was the biggest customer with purchasing half of the amount.
South Korea has requested for more gas condensate from Iran, however, due to increased domestic consumption and its allocation to Persian Gulf Star Oil Co., there is no possibility of realizing South Korea’s demands for it. South Korea now receives about 200,000 barrels of gas condensate per day from Iran.