Iran has increased its oil exports to China by 46 percent in 2011. In the first seven months of the year, China has imported some 16 million tons of Iranian crude, which equates to some 13% of Chinese oil imports. After Saudi Arabia and Angola, Iran is the third largest exporter of oil to China [IRNA, 27 August].
Today’s announcement of the dramatic rise in Iranian oil exports to China coincided with the 40th anniversary of the establishment of diplomatic ties between Iran and the People’s Republic of China. In August 1971, the Shah’s government recognized Beijing as the sole government of China.