CHINA REJECTS IRAN SANCTIONS---SIGNS MAJOR OIL DEAL WITH SAUDIS.

The following two articles demonstrate how China's rise depends on Iran and Saudi oil to continue to lubricate their fast growing economy.
This is precisely why an attack on Iran will be seen as an attack on the Chinese economy by the Chinese government.
Also, the second article shows just how China is making inroads into Saudi Arabia, a once unthinkable thing especially taking into consideration how the Petro Dollar was tied to Saudi oil since 1971.
As China ascends, the Illuminati wests descends: economically, militarily and morally. For any past civilization before it is conquered from without, it is first conquered from within on a moral level. The immorality and decadence of the west will soon be reprimanded by God Himself.

'Sanctions won't hinder Iran-China trade'
Sun Jan 15, 2012 12:1AM
http://www.presstv.ir/detail/221086.html


China has once again condemned the United States' unilateral sanctions imposed on the Islamic Republic of Iran, saying the US is seeking to internationalize its unilateral sanctions.


On Saturday, the Chinese Foreign Ministry says Beijing will maintain its normal cooperation with Tehran in the areas of energy and trade.

The Chinese Foreign Ministry made the announcement in response to Washington's decision to impose sanctions on a Chinese company for trading with Iranian firms.

Zheng Mei, a representative of the Zhuhai Zhenrong company, told the Legal Mirror newspaper, “The sanctions don't make any difference to our company's business.”

On Wednesday, Chinese Foreign Ministry spokesman Liu Weimin said at a press briefing that Beijing will maintain its trade ties with the Islamic Republic despite efforts by US Treasury Secretary Timothy Geithner to convince Beijing to join an embargo of Iranian oil.

Liu added that China, as “a major developing country,” would continue importing Iranian oil to meet its “reasonable demand for energy.”

“We have repeatedly stated that China has normal and transparent energy cooperation with Iran, and that does not violate Security Council resolutions,” the Chinese spokesman noted.

Iran exported about 622,000 barrels of oil per day to China in November 2011, maintaining its place as the third largest crude supplier to the East Asian country.

The United States recently announced plans to attempt to impose a worldwide boycott on the Central Bank of Iran over the country's nuclear program in an apparent effort to punish foreign companies and banks that conduct business with the Iranian financial institution.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Saudi, Chinese oil giants ink joint refinery deal
Jan 14 01:09 PM US/Eastern
http://www.breitbart.com/article.php?id=CNG.5ac8cc19445558189357128508908e39.3f1&show_article=1

Saudi state oil giant Aramco inked a deal Saturday with China's Sinopec to build an oil refinery in the Red Sea city of Yanbu that will process 400,000 barrels per day, state news agency SPA said.
The project, named Yasref, aims to be operational in 2014, SPA reported.

Saudi Aramco will hold a 62.5 percent stake with Sinopec holding the balance in the venture that highlights China's growing role as an infrastructure developer in the oil rich kingdom.

The deal "represents a strategic partnership in the refining industry between one of the main energy producers in Saudi Arabia and one of the world's most important consumers," said Aramco president and CEO Khalid al-Falih.

The announcement comes as Chinese Premier Wen Jiabao headed to the Middle East on a trip to key oil-producing nations -- with Saudi Arabia as his first stop -- as rising tensions over Iran's nuclear programme spark fears of major oil supply disruptions.

The kingdom is China's top oil provider, while Iran its third largest supplier.

Qatar and the United Arab Emirates, where Wen will also visit, are both major oil-producing states but do not figure among the top 10 exporters to China.

China -- under pressure to secure the energy supplies it needs to keep its economy going -- imported 232 million tonnes of crude oil in the first 11 months of last year, a 6.1 percent rise from the same period in 2010, according to customs data.