China, India top buyers of Iran crude: Official

The file photo shows a view of installations at Iran’s Doroud oil field.

China and India are major costumers of Iran’s crude, buying 65 percent of the country’s oil exports, an Iranian official says.

Mohsen Qamsari, head of international affairs at the National Iranian Oil Company, said China buys 400,000 barrels per day (bpd) of Iranian oil or 40 percent of Iran’s crude exports.

He stated that the Islamic Republic also exports 25 percent of its oil to India.

Qamsari added that Iran is exporting an average of one million bpd of its oil based on the November 2013 interim nuclear deal with the five permanent members of the UN Security Council – the United States, Britain, France, Russia and China ¬- plus Germany.

China, India, South Korea, Japan and Turkey continue buying Iranian crude within the framework of current agreements, Qamsari said.

The Iranian official also rejected reports claiming that Greece, South Africa and Sri Lanka have bought Iranian oil in recent months.

World oil giants — including Royal Dutch Shell, British Petroleum (BP), Malaysia’s Petronas, Spain’s Repsol, Russia’s 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 nuclear deal.

Under the deal, the six countries undertook to provide Iran with some sanctions relief in exchange for Iran agreeing to limit certain aspects of its nuclear activities.

The two sides have agreed on the extension of nuclear talks until November 24 with a view to achieving a permanent accord.

By Press TV


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