China’s Iranian crude imports down 54% in March on sanctions

25 April 2012 10:50  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 1.1m tonnes of Iranian crude in March, down by 54% year on year, China Customs data showed on Wednesday.

Its total crude imports from Iran in the first quarter dropped by 33% year on year to 4.3m tonnes, according to the data.

Its crude imports from Sudan were at 529,155 tonnes in March, down by 52% year on year.

International sanctions against Iran and political turmoil at Sudan drove down China’s oil imports from the two countries, industry sources said.

However, China’s imports from Kuwait and Oman increased. It purchased 1.3m of Kuwaiti crude and 1.6m tonnes of Omani crude in March, up by 79% and 61% year on year respectively.

China imported 3.9m tonnes of crude in March from Saudi Arab, its biggest oil supplier. This accounts for 17% of its total imports in the month, the data showed.

By: Fanny Zhang
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