Publishe Date: 10:12 PM - 10/23/2013 | Print

Iran, China’s biggest oil supplier in September

Economy - China’s customs data shows that Iran was the biggest supplier of fuel oil to the country in September.

The data, provided by China’s General Administration of Customs, showed that Iran shipped 410,867 million tons (mt) of fuel oil to China in September, the London-based weekly Platts reported on Tuesday.

Procured by China’s state-owned trader Zhuhai Zhenrong, Iran’s fuel oil shipments to China are mainly 280 CST grade.

Iranian fuel oil was used by Dongfang Hualong, Sincier Chemical Group and Kengli Petrochemical, which consumed totally around 190,000 mt.

Reuters reported on October 21 that China’s crude oil imports from Iran increased in September 2013 from one year earlier despite the US-led sanctions imposed on the Islamic Republic's oil and financial sectors.

China imported 475,521 barrels per day (bpd) of Iranian crude oil last month, registering a 24-percent rise compared to the same period last year.

China, Iran's largest oil client, for the nine months through September bought 16.01 million tons of Iranian crude oil, or an average of 428,160 bpd.

At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran’s oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.

 

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