A country that buys Iranian oil secretly … an American report talks about
The newspaper said that “China is building infrastructure projects in Iran for oil, as part of a barter system that allows Tehran to use oil revenues to buy Chinese goods directly.”
This secret financing has enhanced economic relations between the two American opponents in a challenge to Washington’s efforts to isolate Iran.
The officials stated that this vicious episode, a state -owned Chinese insurance company, as well as a highly secret Chinese financial entity; To the extent that his name cannot be found in any general list of Chinese financial companies or companies.
By bypassing the international banking system, this arrangement provided a lifeline for the Iranian economy, whose sanctions are burdened, and oil payments flowing up to 8.4 billion dollars through the Chinese Finance Channel last year to finance Chinese business in huge infrastructure projects in Iran, according to some officials.
Iran exported $ 43 billion in crude oil last year, according to US Energy Information Administration estimates.
Also, Western officials estimate that about 90% of these exports go to China.
China has been the main buyer of Iranian oil since 2018, when President Trump withdrew from the 2015 nuclear agreement and re -imposed US sanctions.
The hidden alternative solution
The Iranian crude oil exchange system includes the infrastructure adopted by China, two main parties: the large Chinese government insurance company “Sinosure”, and a Chinese financing mechanism called all officials “Chuxin”.
In this arrangement, some officials said that an Iranian -controlled company recorded the sale of oil to a Chinese buyer controlled by the state -owned oil trade company, “Zhuhai Chen Rong”, a company targeted by US sanctions.
The officials added that the Chinese buyer, on the other hand, deposits hundreds of millions of dollars a month at “Chuxin”, then the latter is handed over to Chinese contractors conducting engineering work in Iran, in projects that secure “Sinosure”, and “Sinosure” is a financial link that links these projects together.
US government experts and industry experts say that Iranian crude oil that reaches China takes an indirect path to hide its assets, including transportation from one ship to another, and often mixes with oil from other countries.
Sinosure, previously known as Chinese Export and Credit Insurance Company, is a financial tool for the Chinese central government that supports Beijing’s priorities in the field of international development – a special importance in a political sensitive area like Iran.
According to the company, Sinosure has supported more than 9 trillion US dollars in trade and investment activities around the world until the end of last year.
In Iran, Chinese infrastructure projects tend to be huge projects directed by the state, including airports, refineries and transport projects, which are managed by the largest Chinese government banks and engineering groups.
China has made financial obligations more than $ 25 billion to build infrastructure in Iran between 2000 and 2023, according to Auddata, a research laboratory in William & Marie in Williamzburg, Virginia.
Sinosure had a direct role in 16 out of 54 documented transactions. (24)
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