Shipment courier

China takes delivery of major shipment of Iranian crude: report

A report shows that China has received a new shipment of around 2 million barrels of Iranian crude.

A large shipment of Iranian crude has been delivered to China, according to a report and amid statements by Iranian government officials insisting that exports to China have been robust despite claims that increased supply Russian crude to China has affected Iranian shipments.

Wednesday’s report by Reuters news agency said China took delivery of 260,000 tonnes (nearly 2 million barrels) of Iranian crude last week at its southern port of Zhanjiang.

The report cites data from shipment tracking specialist Vortexa Analytics as well as a US-based anti-Iran group that tracks cases of US sanctions violations.

Iran’s crude supply to China began to reach record highs of over 1 million barrels per day (bpd) in the second half of 2021 despite a US sanctions regime that prohibit purchases of Iranian oil for entities and governments that have interests in the United States. .

Much of China’s Iranian oil supply has been delivered to private refiners in the country. However, the Reuters report says Chinese customs will likely include records of the new shipment in their import data for June, as the imports were for state reserves.

He said the new oil shipment was delivered to Chinese authorities by the vessel Dorena, which is owned by the National Iranian Tanker Corp (NITC).

The report confirms statements by Iranian Oil Ministry officials and other government officials denying that China has decreased its oil imports from Iran because it has received more supplies from Russia.

Recent data from China Customs shows that Iranian crude accounted for nearly 7% of the East Asian country’s total crude imports in May, which amounted to 10.8 million barrels per day.