China’s July crude imports from Iran down 30% year on year

23 August 2012 11:02  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 1.9m tonnes of Iranian crude in July, a decrease by 30% year on year and a decrease by 26% month on month, official data showed on Thursday.

A total of 12.6m tonnes of Iranian crude were imported in January-July, down by 22% from the corresponding period in 2011, according to China Customs.

The country imported 4.5m tonnes of crude from Saudi Arabia in July, up by 9.9% year on year, while its July imports of Angolan crude increased by 82% to 3.5m tonnes, the data showed.

China’s total crude imports in July were 21.8m tonnes, of which 21% were supplied by Saudi Arabia and 16% by Angola.

Saudi Arabia and Angola are the two biggest oil suppliers to China.

By: Fanny Zhang
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