Oil is the Lifeblood of Iran

Source: Sina

◆ European is ready to take the most severe action to Iran's oil and finance

◆ China's oil import and export are preparing for a rainy day, insisting on the Iran sanctions against the United States

◆ Japan and Korea have turned to against the United States

◆ Russia strongly opposed to Iran's oil embargo and military strike

◆ Other News

The Fifth World Future Energy Summit opened in Abu Dhabi.

The United States investigated wind power, mechanical and electronic chamber of commerce in China, drawing strong dissatisfaction.

Canada and the United States made negotiations, Canada planed to expand their oil exports to China.

The international energy agency said that global oil demand encountered its first drop in three years.

China's offshore oil Penglai oilfield was expected to resume production in 2012.