China stops imports of Iranian oil exports fall

China stops imports of Iranian oil exports fall

18-07-2012 01:03 PM

Are free – Beijing lifted imported a record high
average exports of Iran reached 1.084 million bpd in July, said the report of the consulting firm oil that is expected to stop the decline in Iran’s oil exports in July with the lifting of China’s imports to a record of more than half of exports, the Islamic Republic. According to Reuters ‘it is expected to report that the average Iranian oil exports 1.084 million bpd in July, unchanged from the average in June’s 1.94 million barrels, the company said Petrologistics consultancy, based in Geneva that a preliminary report. dropped Iran’s oil exports by half from February to June because of U.S. sanctions Nations and the European Union aimed at blocking what the West fears is a program Iranians to develop nuclear weapons. said ‘Petrologistics’ It is not expected to import Iranian oil in July, only four countries, namely China, India, Japan and Taiwan is that it is possible to convert a shipment to Turkey. and entered ban European import Iranian oil and secure the ship into force at the beginning of July and had a non-member state Turkey in the European Union to reduce its imports of Iranian oil strongly. and China is now the biggest buyer of Iranian oil and negotiate discounts at great prices. A report by Petrologistics that the expected growth of China’s imports of Iranian oil to 587 thousand barrels per day in July, or 54 percent of the total Iranian exports, compared with 428 thousand barrels per day in June and an average of 478 thousand in 2011. It is also expected to increase purchases of India of Iranian oil in July to 335 thousand barrels per day of 264 thousand in June and a slight increase from the average of imports last year, 326 thousand barrels per day. and will buy Taiwan shipment volume of 65 thousand barrels a day after he did not buy anything since March / March. The average imports 28 thousand barrels per day only in 2011. contradict increase purchases of China and India with the policy of Japan, South Korea, are also one of the largest customers Iran Asians. It is expected that Japan imports 98 thousand barrels per day this month, or a little over a third of purchases last year. South Korea did not import any amount of Iranian oil in July for not being able to secure shipments.
Source: ahraraliraq