China’s Oil Imports from Iran Rise despite US Threats

Related Articles

Indian Refiner BPCL to Boost Oil Processing Capacity

4 hours ago

Goldman Sachs: Huge Spare Capacity Weighs on Oil Prices

6 hours ago

Russian Tanker Sinks in Black Sea Spilling 4,300 Tonnes of Oil

2 days ago

China imported more than 900.000 barrels per day (bpd) of crude oil from Iran in July. up more than 8 percent from the month before. data released by China`s General Administration of Customs (GAC) on Tuesday showed.

The imports by the world’s largest oil buyer and more importantly the increase in shipments came despite Washington’s threat to punish companies after ending waivers to unilateral sanctions on Iranian oil on May 2.

According to GAC figures cited by Bloomberg. China lifted 926.119 bpd of Iranian oil in July. up 4.7% month on month.