Iran’s Oil Exports to Asia Up 61%

Date: 31 August 2016 - 21:40

News ID: ۳۰۷۱۹

TOKYO (Dispatches) -- Imports of Iranian oil by four major buyers in Asia in July jumped 61.1% from a year earlier, marking the biggest percentage gain since April 2014, reflecting Tehran's aggressive moves to recoup market share, lost under sanctions.
The four countries, South Korea, Japan, China and India, imported 1.64 million barrels per day (bpd) in July, government and ship-tracking data showed.  Japan's trade ministry on Wednesday released official data showing its imports jumped 61.8 percent from a year earlier to 256,651 bpd last month. Imports by South Korea jumped more than fourfold last month, while India's imports more than doubled from a year ago.