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Chinese imports of Iranian oil up by 50pct in H1 2011
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Wednesday, 27 Jul 2011
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MNA reported that China’s oil imports from Iran increased by around 50% in the H1 of 2011 compared to the same period the year before reaching near 13.5 million tonnes.

According to the General Administration of Customs of the People's Republic of China, China imported 650,000 barrels of Iranian oil per day in June, a jump of 53% from May.

Iran was the third largest oil supplier to China in the H1 of 2011 after Saudi Arabia and Angola. Saudi Arabia exported more than 24.1 million tonnes of oil to China and Angola supplied the Asian country 15.5 million tonnes of crude in the first six months of 2011.

China imported 280,104 tonnes of naphtha from Iran from January 2011 to June 2011 which shows 280% rise in comparison to the same period in 2010. Iran is the second leading exporter of naphtha to China.

Iran’s liquefied petroleum gas exports to China in the H1 of 2011 hit 352,130 tonnes which is an increase of 72% compared to the same period last year.

(Sourced from Mehr News Agency)

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