China’s December crude import from Iran 2nd highest in 2012

Official data show Iran’s crude oil exports to China soared to their second highest level in December 2012, in spite of US-led sanctions against the Islamic Republic’s energy sector.

China imported nearly 593,390 barrels per day (bpd) of crude from Iran in December last year, up 3.6 percent from the preceding year and up 39 percent from November, Reuters quoted customs figures as saying.

For the whole 2012, the highest level of China’s crude imports from Iran stood at 633,000 bpd.

Industry officials in China attributed the enhancement in Iran’s crude oil exports to improvement in shipment.

“The problems with delays have improved recently. The period of delay has become shorter and overall, less frequent,” a well-informed Chinese official was quoted as saying.

Iran is currently China’s third largest supplier of crude, providing Beijing with roughly 12 percent of its total annual oil consumption.

Source: Press TV

Leave a Reply

Your email address will not be published. Required fields are marked *