Iranian crude imports to China rebound month on month in April

23 May 2012 09:30  [Source: ICIS news]

SINGAPORE (ICIS)--China’s imports of Iranian crude rebounded to 1.6m tonnes in April from the monthly level of 1.1m tonnes in March and February, but fell by 23.7% from a year earlier, according to China Customs.

Saudi Arabia continued to be China’s largest crude supplier, exporting 19.7m tonnes in April, up by 14.1% year on year, the data showed.

Angola and Russia were China’s second- and third-largest crude supplier in April with exporting volumes of 3.8m tonnes and 1.8m tonnes, respectively, showed the data.

China’s total crude imports in April rose by 3.3% year on year to 22.3m tonnes, according to the data.

Sudan was China’s seventh largest crude supplier in 2011, exporting 13.0m tonnes of crude to China, according to China Customs.

However, exports in April from the African nation dropped to zero, after falling by 59.2% and 52.0% in February and March, respectively, the data indicated.

Most Sudanese crude comes from South Sudan which halted supply to Sudan in January because of geopolitical tensions.

 


By: Fanny Zhang
+65 6780 4359



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