China’s October crude imports from Iran surge 36%

Tehran, Nov 26, IRNA – China’s crude imports from its major suppliers, including Iran, rose significantly in October versus a year ago, save for top exporters Saudi Arabia and Angola, detailed data from the General Administration of Customs showed Saturday, November 22.
Crude imports from Iran last month surged 35.5% from a year earlier to 1.44 million mt, or an average 340,027 b/d. Iran, however, remained China’s sixth-largest supplier of crude oil last month, accounting for 6% of its total imports, according to plats.com.

China imported less crude from Saudi Arabia and Angola in October despite its total crude imports rising 18% from a year earlier to 5.7 million b/d.

Saudi volumes inched down 0.7% year on year to 4.56 million mt while Angolan cargoes fell 5.6% to 3.04 million mt last month.

On the other hand, China’s crude imports from Iraq in October jumped 45.1% year on year to 1.96 million mt, although the volumes slumped 20.5% from September.

Omani shipments to China in October rose 7.6% to 2.38 million mt while cargoes from the United Arab Emirates climbed 42.2% to 1 million mt.

Meanwhile, Russian crude deliveries to China jumped 38.7% year on year to 2.76 million mt last month, pushing Russia to third largest supplier.

Chinese refiners buy significant volumes of ESPO crude, which is sent via pipeline from Russia and also loads out of the port of Kozmino.

By IRNA

 

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