ID :
318525
Sat, 02/22/2014 - 14:10
Auther :

China, India Increase Iran Oil Imports

Tehran, Feb 22, IRNA -- China and India significantly increased their oil imports from Iran following the recent partial suspension of sanctions on the Islamic Republic. China imported 564,536 bpd of Iranian crude in January, which showed an 11.2-percent rise compared with December and an 82-percent increase from the same period last year. India’s imports from Iran have also more than doubled in January, surging to 412,000 bpd, up from 189,100 bpd in December. The figure which is the highest since February 2012 is also 44 percent higher compared with the same period last year. World oil giants, including Royal Dutch Shell, British Petroleum (BP), Malaysia’s Petronas, Spain’s Repsol, Russia’s second largest oil producer, Lukoil, France’s Total and Italy’s Eni, have shown interest in returning to Iran following the easing of sanctions against the Islamic Republic in light of the implementation of the November 2013 nuclear deal between Iran and the six world powers - the United States, Britain, France, Russia, China and Germany. On January 20, the Council of the European Union suspended part of the sanctions it had imposed against Iran following the nuclear deal between Tehran and the six world powers in November 2013./end

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