37415
Asia's Jan. Import of Iran Crude Steady
Energy

Asia's Jan. Import of Iran Crude Steady

Asian imports of Iranian oil held steady in January from a year earlier, as most of Iran's biggest crude buyers restrained their purchases until right before sanctions were lifted last month as part of an agreement on Tehran's nuclear program.
Iran's rehabilitation in the international commercial system is likely to start feeding through to official buyer's data from March after loading for exports surged this month and in late January, according to data obtained by Reuters.
Imports by Iran's four biggest buyers, mainly China, India, Japan and South Korea, came to 981,000 barrels per day in January, down 0.1% from a year earlier, government and tanker-tracking data show.
The January imports for the four main buyers were down from 2015's average rate of slightly above 1 million bpd during 2015.
With sanctions lifted after Tehran took the required steps set out in the July agreement with world powers on its nuclear program, Iran is seeking to ramp up exports to regain market share and help boost an economy that stagnated under the restrictions.
The sanctions kept Iran's exports at around 1 million bpd, down from an average 2.5 million bpd in 2011.
Indian imports slumped 37.6% from the year before. Japan's purchases of Iranian crude rose more than 10% in January from a year earlier to about 194,000 bpd, trade ministry data showed on Monday, the most since March last year.

 

Short URL : http://goo.gl/gSRkOU
  1. http://goo.gl/98LTgu
  • http://goo.gl/5WHbSi
  • http://goo.gl/YTVvBT
  • http://goo.gl/3FDUAz
  • http://goo.gl/wd4Wbh

You can also read ...

US May Impose Sanctions on China for Buying Iranian Oil
The United States is prepared to impose sanctions on all...
Total to Boost Its Nigeria Output
French supermajor Total will increase Nigeria’s oil production...
Aramco Investments Aimed at Future Oil Demand
Saudi state oil giant Saudi Aramco remains committed to...
Libya’s Oil Security Concerns Increase Freight Premiums
Persistent security concerns over Libya’s oil export capacity...
Call for Expediting Electricity Joint Ventures With Armenia
Measures should be taken to expedite joint projects between...
Seoul Worries Over Condensate Supplies
South Korea is seeking a sanctions waiver from the US to...
50 NIDC Contracts for  Local Manufacturers
The National Iranian Drilling Company has commissioned...
Iran uses a pricing formula whereby gas feedstock is offered to petrochemical plants at 9 cents per cubic meter.
Although Indian investors have signaled their interest in...

Trending

Googleplus