Saudi Arabia and UAE will not be able to alienate China from Iran: expert

Saudi Arabia and UAE will not be able to alienate China from Iran: expert

Azerbaijan, Baku, October 21 / Trend , U.Sadikhova /  

Despite that the oil-rich Persian Gulf countries are interested in strengthening sanctions against Iran for suspending its nuclear program and attempts of these countries to alienate official Beijing from Tehran by increasing oil exports to China from these countries do not reflect the real situation.   

As the Wall Street Journal reported on 20 October, U.S. officials have persuaded the United Arab Emirates to export to China 150,000 to 200,000 additional barrels of oil per day and Saudi Arabia to also boost oil exports to China.

This step of the U.S. aims to reduce oil imports into China from Iran, but how this plan can be a reality remains question, Raymond Tanter, former senior staffer of the National Security Council, told Trend .

Currently Iran exports 540,000 barrels of oil to China per day.

The additional exports are meant to offset Chinese fears of losing oil imports from Iran if China joins Western powers in implementing crippling sanctions on Tehran, Tanter, President of Iran Policy Committee at University of Michigan, said.

Saudi Arabia and the UAE have a strong interest in ensuring that Iran does not become a nuclear weapons state and in curtailing the Iranian regime's negative influence in the Persian Gulf, he said.

Considering that Saudi Arabia and United Arab Emirates are members of OPEC, these countries can face with problems in increasing oil production, since a certain limit in oil exports has been established for OPEC member countries.

According to Tanter, Saudi Arabia, because of its enormous reserves has traditionally had an interest in long term price stability at the expense of short term export surges. In this respect, Saudi Arabia is one of the most conservative OPEC members in terms of keeping quotas low, while smaller, cash-strapped OPEC members lobby for increased short term production.

"It is likely that any enhanced exports to China will be nominal rather than decisive," American expert said.

According to him, China also has tens of billions of long term investment dollars in Iran's energy sector, which represent an enormous opportunity cost irrespective of Beijing's short-term need for Iranian crude oil.

According to the expert, even if Saudi Arabia and the UAE could ensure a steady supply of crude to China absent Iranian exports, Beijing would still have to weigh the cost of forgoing such investments to participate in sanctioning the Iranian regime.

Six superpowers of the world - members of the UN Security Council have adopted five resolutions against Iran in order to suspend country's nuclear program. Three of them envisage sanctions against Iran. Also, in addition to UN Security Council resolutions, the U.S. and some EU countries introduced even broader sanctions against Tehran.

Subscribe to Trend in Google News! Subscribe
Cost of mobile internet in Georgia decreases
Cost of mobile internet in Georgia decreases
Kazakh oil company to purchase pipes through tender
Kazakh oil company to purchase pipes through tender
International Astronautics Congress 2023 to be held on Azerbaijan
International Astronautics Congress 2023 to be held on Azerbaijan
Loading Bars
Latest
Australia defends scrapping of French submarine deal, Macron and Biden to talk
Cost of mobile internet in Georgia decreases
Raisi orders ministries to identify coop. areas with SCO
Uzbek textile industry has potential to become decisive hub between East, West
French company to reconstruct buildings in Turkmenistan's Ashgabat
UK records another 29,612 coronavirus cases
Iran's Energy Exchange announces products to be on sale September 20
Qatar flight with Afghans, Americans, Europeans leaves Kabul, official says
Iran's CBI shares amount of currency sold at NIMA exchange rate
Iranian FM to meet with foreign ministers of 4 + 1 group
Israel reports 7,445 new COVID-19 cases
Iran boosts mobile phone imports
Kazakh Minister, reps of Kazakh cultural centers of Uzbekistan meet
Israeli researchers 3D-print blood vessel networks for implantation
Number of flights from Iran's Mehrabad International Airport up
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,734 more COVID-19 cases, 3,378 recoveries
Israel, Egypt FMs agree to boost bilateral ties
Capital of Iran's Bouali Sina Petrochemical Company grows
Iran's Energy Exchange announces products to be on sale September 19
Georgia sees decline in revenues from beer exports
Macron to hold call with U.S. President Biden - French government spokesman
Iran resumes activities of industrial enterprises in Markazi Province
Coronavirus cases in Russia rise by 20,174
Armenian PM asked Turkish President for a secret meeting
Kazakhstan increases exports to Poland amid COVID-19
Iran launches industrial enterprises in Yazd Province
Iran reveals COVID-19 data for September 19
Opening of Zangezur corridor to positively contribute to difficulties in Azerbaijani-Armenian relations - Turkish President
Buy/sell operations at Iran Mercantile Exchange soar
State Duma elections held at Russian Embassy in Baku (PHOTO)
British government confident of gas supply, minister Sharma says
Carmakers dominate Turkey's top exporters list
Australia says it was 'upfront' with France over submarine deal as crisis continues
Territorial integrity of neighboring countries - more important for Iran – Iran’s MFA
Georgia reports 1,501 coronavirus cases
Iran shares data on cargo transportation in Lorestan Province
Azerbaijani Finance Ministry to auction long-term state bonds
Ministry of Defense of Azerbaijan prepares weekly review of activities (VIDEO)
50 million volunteers in 180 countries take part in World Cleanup Day
World leaders return to U.N. with focus on pandemic, climate
Indonesian militant leader killed in shootout, police say
Georgia's external debt increases
Turkish state energy exchange company to operate in Uzbekistan
2,781 more COVID-19 cases recorded in Kazakhstan in past 24 hr
US steps up plan to expel Haitian migrants from Texas border city
Israel captures last two prisoners who escaped from Gilboa prison
SpaceX capsule with world's first all-civilian orbital crew splashes down off Florida
Indian gov't asks states to analyze COVID-19 situation, strengthen health infrastructure
Abu Dhabi to remove COVID-19 testing requirement at border starting Sep. 19
Facebook says WSJ allegations are 'mischaracterizations,' confer 'false motives'
Statement made by Russian Defense Ministry regrettable - Azerbaijani Defense Ministry
EU eyes to expand project on creating 'green technologies' in Azerbaijan
Islamic State claims responsibility for attack on Syrian gas pipeline
Geostat shares data on nominal GDP in Georgia
Security Council voices concern over political strife in Somalia
Italy reports 51 coronavirus deaths on Saturday, 4,578 new cases
Iran’s Bahar Azadi gold coin price slightly falling
Another visit of Shusha residents to their hometown organized
Three killed in blasts in Afghan city of Jalalabad
Meeting of Azerbaijani and Russian military seamen held in Baku (PHOTO)
Ukraine intends to purchase textile products from Uzbekistan
Georgia's bean imports decrease
Kazakhstan-Croatia trade down y-o-y
Group of Azerbaijani pilots returns home after partaking in Turkey-held military exercises
Azerbaijan records slight decline in volume of cargo shipments via local ports in 8M2021
Iran's Subsidies Targeting Organization makes payments in agriculture sector
Representatives of Azerbaijani Air Force to take part in Teknofest-2021 festival
Argentina’s President Alberto Fernandez reshuffles cabinet after political crisis
Iran to increase area of olive gardens
OIC Ombudsmen Association sums up results of fact-finding mission to Azerbaijani Karabakh (PHOTO)
Azerbaijan's Shusha holding concert within Int'l Music Festival of famous composer Uzeyir Hajibayli (PHOTO)
Azerbaijani First VP Mehriban Aliyeva shares post related to National Music Day on Instagram (PHOTO)
Azerbaijani mortar units continue intensive combat trainings (VIDEO)
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 2,042 more COVID-19 cases, 3,224 recoveries
Azerbaijan and Georgia remain not only neighbors, but strategic partners - PM
Armenian military expert confirms use of Iskander missiles by Armenia against Azerbaijan
Uzbekistan Airways Technics opens tender for provision of services for sale of materials
Azerbaijan to promote famous composer Uzeyir Hajibayli's heritage worldwide - minister
Number of transactions on Uzbek stock exchange increases
Russian Navy's Caspian Fleet arrive in Baku port
Iran reveals COVID-19 data for September 18
Weekly review of Azerbaijani precious metals market
Uzbekistan reveals number of vaccinated citizens as of September 18
Iran, Tajikistan to increase trade ties
Turkmenistan considers resuming gas supply to Iran
Azerbaijan's Azermash launches new production line for vehicles
Volume of essential products imported to Iran through ports up
Kazakhstan boosts trade with Romania despite global pandemic
U.S. NTSB to probe fatal Tesla crash in Florida
Uzbekistan's private airline performs first flight to UAE
Azerbaijan and Iran hold discussions in connection with Gorus-Gafan road
Kazakh oil company to purchase pipes through tender
Georgia shares data on COVID-19 cases for September 18
MFA's of Kazakhstan, Tajikistan hold political consultations
Renowned Azerbaijani cultural figures arrive in Shusha
OSCE publishes interim report on local elections in Georgia
Azerbaijan’s Baku Metro opens tender to buy insulating materials
Uzbekneftegaz opens tender to buy equipment for turboexpander units
All news