BEIJING
Reuters - Mon Jun 23, 2014
China's Iranian crude oil
imports expanded 36 percent in May from a year ago to the second
highest on record, customs data showed on Monday, and imports in the
first five months of 2014 gained nearly 50 percent over the same
year-ago period.
China,
Tehran's largest oil client, has since late 2013 been stepping up
purchases from the OPEC country after a landmark November nuclear deal
eased some sanctions on Iran, making up the main portion of Asia's
higher imports since then.
Asian
buyers are expected to import about 1.25 million-1.3 million barrels
per day (bpd) of Iranian oil in the six months through June, mostly
owing to China's increases, industry and government sources have said.
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