Inside China Business | August 12, 2025
China is a top buyer of Iranian crude, taking 90% of its crude exports. But Iran has recently passed Saudi Arabia, the UAE, and Qatar as the top producer and exporter of NG products, bringing in billions more. Ambitious expansions of their petrochemical industry are also ongoing. Iranians report little difficulty in business operations among different currencies, despite the US Treasury Department’s blacklisting of key energy suppliers, and firm control over the SWIFT systems.
Closing scene, Beihai, Guangxi
Resources and links: Iran Defies US Sanctions With Surging Exports of Liquefied Petroleum Gas https://www.bloomberg.com/news/articl…
Bloomberg, Iranian Oil Production Booms Amid the Bombs https://www.bloomberg.com/opinion/art…
S&P Global, Iran’s petrochemicals defy sanctions as exports, output on the rise https://www.spglobal.com/commodity-in…
Iran announces 15 petrochemical projects to expand domestic production to nearly 80 MMtpy https://www.hydrocarbonprocessing.com…
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