• Wed / 8 May 2019 / 16:48
  • Category: Economy
  • News Code: 98021810020
  • Journalist : 71477

China's Iran oil imports rise to 8-month high

صادرات نفتی

Tehran (ISNA) - China’s oil imports from Iran climbed to the highest in eight months in April which saw countries stock on Iranian crude before exemptions from US sanctions expired, new tanker data shows.

The world’s biggest oil importer purchased about 800,000 barrels a day of Iranian oil, the highest since August, customs data cited by Reuters on Wednesday showed. 

Last month, the United States decided to stop its waivers which allowed eight countries to buy oil from Iran despite Washington’s unilateral sanctions on the country.

China is Iran’s biggest oil client and the US decision has added another fault line to already strained relations between Washington and Beijing which has formally complained to the United States over the move.

Companies such as Sinopec and China National Petroleum Corp have invested billions of dollars in Iranian oil fields and recoup their money by sending oil from the fields to China, according to Press TV.

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