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
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.
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.