China's oil imports from Iran up 25%
(Chinanews.cn)
Updated: 2006-06-07 15:38
According to recently released official statistics, China's petroleum import
volume from Iran rose 25% in the first quarter of this year.
Statistics show that during this period, petroleum imports from Iran to China
increased 74,000 barrels per day and reached 377,000 barrels per day. Therefore
the gross volume went up 25%.
Experts pointed out that shift of Iran's petroleum export to China can not
only reduce the dependence of Northeast Asian countries on crude oil exporter
Iran, but also avoid the influence of China signing longer-term contracts with
Iran's crude oil markets on oil price.
At the same time, owing to worries about Iran's political situation, Japan
and South Korea's petroleum imports from Iran both saw drop of different
margins. Japan's import volume declined 14% (97,000 barrels per day) and South
Korea's imports went down 7% (16,000 barrels per day) from Jan. to Apr. this
year.
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