40330
Taipei to Raise Crude Intake From Tehran
Energy

Taipei to Raise Crude Intake From Tehran

Taiwan, once a small customer of Iran's crude, is planning to increase its imports from the Middle East nation, Taiwan's Deputy Foreign Minister Javier Ching-shan Hou said in Tehran on Tuesday.
The official, who is on a mission to explore trade opportunities with Iran at the head of an economic delegation, made the remark in a meeting with Mehdi Jahangiri, the deputy head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, TCCIMA's official website reported.
He said Taiwan's annual crude imports from Iran amounted to 11 million barrels in the past, but the volume can rise to 14 million barrels now that Tehran is free of western sanctions that had significantly curtailed its trade with the outside world.
Data show Taiwan used to import 60,000 barrels per day of crude from Iran, but the volume fell to only 3,600 bpd in 2014 after the US and the European Union tightened financial and trade embargoes against the Persian Gulf country.
CPC Corp and Formosa Petrochemical, Taiwan's biggest refiners, imported just 2 million barrels each in 2015, according to customs data. Saudi Arabia, Kuwait and Oman are the top three crude suppliers to Taiwan.

Short URL : http://goo.gl/5GNXCq
  1. http://goo.gl/kxKSkQ
  • http://goo.gl/LekLUE
  • http://goo.gl/zSxTt5
  • http://goo.gl/CXqYiZ
  • http://goo.gl/BJ23P5

You can also read ...

Oil futures are sliding on expectation of higher Russian and Saudi production.
US President Donald Trump's unilateral decision to withdraw...
1st Platform of Iran's South Pars Phase 22 Installed
In line with plans to boost gas output from South Pars Gas...
Aramco IPO Likely In 2019
Saudi Aramco’s much-hyped initial public offering is “most...
Japan Refiners Undecided on Iran Import
Japanese oil refiners will likely take a few months to decide...
Record Conformity Level in OPEC, Non-OPEC Output Cut
The 24 OPEC and non-OPEC producing countries participating in...
Iranian Crude at $76.6 pb
Iran's crude oil prices continued to advance in the week to...
The Iranian government provides power firms’ with the US dollar  at  42,000 rials.
Iran’s rial devaluation against the US dollar is not expected...

Trending

Googleplus