IRAN

 

China Defies US/EU Oil Boycott

Chen Yuan, Chairman of the China Development Bank (CDB), which has financed over $38.5bn of Chinese energy, construction and infrastructure projects in Central Asian states and Russia, told reporters on 6 June that Beijing has not reduced its oil imports from Iran. Mr Chen, who oversaw the expansion of Chinese lending to Iran, where CNPC is developing the Yadavaran oil field, said that “China has always imported oil...