China imports of Iranian crude rebound to highest in six months
China's imports of crude from Iran rebounded to the highest
level in six months in December after the U.S. renewed an exemption
from penalties on banks that process payments for the Persian Gulf
nation's oil, Trend news agency reported referring to the
Bloomberg.
China, the world's second-biggest crude consumer, bought 2.52
million metric tons of oil from Iran last month, according to
figures from the General Administration of Customs on Monday.
That's up 43 percent from November, when purchases slipped 9.3
percent.
Shipments averaged 596,000 barrels a day, the most since June, and
advanced 3.6 percent from December 2011, the data showed.
The U.S. State Department on Dec. 7 extended exemptions for 180
days for China and eight other countries from measures related to
sanctions against Iran, saying they had "continued to significantly
reduce" their purchases of the Middle East nation's oil.
China's total crude imports last year from the Islamic republic,
its third-biggest supplier, slid 21 percent to 22 million tons, the
customs data showed.
The U.S. and the European Union are pressuring Iran to curtail its
nuclear program, which they say is aimed at developing an atomic
weapon.
Saudi Arabia continued to rank as China's largest crude supplier
last year, providing 53.9 million tons, up 7.3 percent from 2011,
the customs report showed.
The Middle East nation accounted for 19.9 percent of China's
imports, compared with 19.8 percent a year earlier.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!