From the Field
Asian imports of Iranian crude up 68%
TEHRAN, February 28, 2017 – Asia’s top-four importers of Iranian oil took in 67.6% more crude in January 2017 than a year earlier in January 2016.
China, India, Japan and South Korea together imported 1,67 million bopd in January of this year, Reuters reported on Tuesday.
Monthly imports have fluctuated among the countries and have seen a three-month decline.
Among Asian importers, India took in the most Iranian crude in January, with 554,600 bopd. South Korea placed second, with 478,032 bopd.
International sanctions that stifled Iran’s energy industry were formally lifted on January 16, 2016.