BEIJING: China’s oil imports up 19.1 percent from Iran last month. China, Iran’s largest buyer, also recorded exporting 320,000 tonnes, or 6,400 bpd, of crude to Iran in 2014, including 240,000 tonnes in December.
The exported volumes likely have to do with the movement of crude in and out of storage that sources with knowledge of the matter said state-owned Iranian oil company is leasing in the northeast Chinese port of Dalian.
Iran has made at least two deliveries of crude from the Dalian site to India and one to South Korea.
China’s crude imports from top exporter Saudi Arabia were down 7.9 percent in 2014 from the previous year to 993,320 bpd.
Imports from Russia came in at 662,140 bpd, up 36 percent from 2013. Russia grew to become China’s third-largest crude supplier last year, behind Saudi Arabia and Angola.
Talks between Iran and six powers – the United States, China, Russia, Britain, France and Germany – to resolve the stand-off over Tehran’s nuclear ambitions will resume next month after limited progress earlier this month.
The U.S. and its allies suspect that Iran’s nuclear programme is aimed at making a weapon. Iran says its enrichment activities are for peaceful civilian purposes.
