According to media reports on July 22, Iran’s Gulay-Jask oil pipeline was opened on that day. It is reported that the pipeline is Iran’s first oil pipeline that can bypass the Strait of Hormuz for crude oil transportation. Its construction investment is nearly US$2.2 billion (approximately 14.226 billion yuan). Currently, oil can be transported from Bushehr to Jask, with a capacity of 300,000 barrels of crude oil per day.
It is reported that after the pipeline is fully operational in March 2022, it will be able to transport Iranian oil to the crude oil import and export terminals along the Gulf of Oman, and the transportation capacity will be improved. to 2 million barrels per day. The improvement of oil transportation capacity will naturally benefit Iran’s export crude oil trade and promote the region’s economy.
You know, even during the period when Iran was restricted from exporting crude oil, the country still maintained crude oil exports to our country. supply. According to statistics, Iran exports about 1 million barrels of crude oil to China per day, and the crude oil trade volume between the two parties has continued to grow. In the past year, Iran shipped a total of 18 million tons of oil to China.
However, if Iran wants to continue exporting oil, it will be difficult to avoid using US dollars for settlement. After all, as the US dollar is a world currency linked to oil, it is currently unrealistic to completely separate from it. However, it is worth mentioning that most of Iran’s oil exports to China in the past year were settled in RMB.
Obviously, Iran is bypassing the petrodollar The purpose of using RMB for settlement is also to reduce the restrictions of the US dollar. This just shows that the petro-yuan will play an important role in the oil trade between China and Iran. According to Iranian media reports, the current proportion of RMB foreign exchange in Iran has reached 18%, and it will continue to promote the use of RMB as its oil trade settlement currency.
In addition, as early as March this year, our country signed an agreement with Iran A special oil agreement to avoid the price risks brought by petrodollars. </p
