Gulf Oil and Gas accountACCOUNT

China Imports 390,000bpd of Iranian Crude Oil in June

Source: 7/15/2013, Location: Asia

Share |
Iran exported 390,000 barrels per day of crude oil to China in June, the International Energy Agency reported.

The volume of exports fell by 36 percent compared to May because of blockages at ports in China, according to the report.

That reversed an increase in May that the IEA last month said was due to smoother shipping operations that allowed China to take in supplies delayed from April, Bloomberg reported. Imports of Iranian crude reported by consumers fell to 800,000 barrels a day in June from 1.25 million in May, the IEA said.

Japan cut Iranian crude imports by more the half to less than 100,000 barrels a day, the IEA said. The decline from 240,000 barrels in May was “reportedly due to a delay in negotiations over contract volumes,” the IEA said.

On July 1, the U.S. implemented a new round of sanctions aimed at Iran’s shipping and automobile industries, gold sales and financial institutions doing business in the rial, the IEA said.

The U.S. and its allies are restricting Iran’s oil exports, the country’s largest revenue source, and targeting its financial industry.

Iranian crude output rose by 20,000 barrels a day in June to 2.7 million barrels, the IEA said.

This is the second consecutive gain in Iran’s monthly output, according to data in the four most recent IEA reports. The country added 50,000 barrels a day of output in May and June, nearing the 2.72 million barrel daily production level reached in February, the reports show.

Oil News in Iran >>

Saudi Arabia >>  11/7/2018 - Chinese oil major PetroChina inked 2019 annual crude supply deals with state-owned producers Saudi Aramco and Kuwait Petroleum Corp on Wednesday at a ...
Iran >>  10/29/2018 - Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge...

Iraq >>  10/26/2018 - Iraq will stop trucking crude from its northern Kirkuk oilfield to Iran in November to comply with sanctions imposed on its neighbor by the United Sta...
United Arab Emirates >>  10/26/2018 - The Abu Dhabi National Oil Company (ADNOC) is expected to fill up storage tanks that it has contracted from the Indian government in the first week of...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 

Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |

More News


Oil & Gas Companies in Iran >>

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.