Link
Comments
Jahanshah 's Recent Links
Iran International: Merchants Continue Strikes In Tehran And Other Iranian Cities
Jahanshah | one year ago
0 201
The New Yorker: Donald Trump Barely Pays Any Taxes: Will Anyone Care?
Jahanshah | 3 years ago
0 315
CPJ: Urging Iran to stop arresting journalists, release Kayvan Samimi
Jahanshah | 3 years ago
0 457
JJ Aziz, nothing can save this rotten IRI regime, not China, not Russia, not even Imam Hussein himself if he were to come alive today! :-) the regime must implode under its own corrupt and decadent weight which is as massive as a neutron star!
Dongming refining capacity is 300 thousand barrels per day or so they claim, but utilisation is at best 60% so about 240KBD. It cannot run 100pct Iranian crude even if it wanted to so at best 50% or 120KBD (assuming the attractively priced Iraqi or flood of Saudi crude oils are not economic). Soon as its western banks hear of this it may change its mind. It is just too small to be saving the republic of murder and mayhem.
Sounds like it is more of a signal to the US about the trade war using someone inconsequential. They don’t want the big 4, Sinopec, PetroChina etc’s financing affected.