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China’s oil imports from Iran rise 26.5% on the year in June

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/07/2015 (15:20)
According to media reports, China’s oil imports from Iran reached the highest level in two months in June as the markets prepare for sanctions against the country to be eased following the landmark nuclear deal. China’s imports of Iranian oil rose 26.5% year over year to reach 671,800 barrels of oil per day (bpd) in June, according to data from China’s General Administration of Customs. On a monthly basis, meanwhile, China’s June imports of Iranian oil imports indicated an increase of 29.6% from May.

In the first half of the year, however, China’s oil imports from Iran declined 6.1% from the same period of 2014 to reach an average of 589,400 bpd.

Meanwhile, China’s oil imports from Saudi Arabia reached 1.29 million bpd in June, posting the strongest level since July 2013 while Saudi Arabia ranked as China’s top oil supplier again after it fell behind Russia and Angola in May. China’s oil imports from Russia also surged 57.2% on the year to 920,000 bpd in June.
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