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China reports 1st Iranian oil imports since Dec 2020 despite US sanctions

China reported the first imports of Iranian crude oil in a year despite ongoing sanctions by the United States government

crude oil, petroleum
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Photo: Bloomberg

Reuters Singapore
China reported the first imports of Iranian crude oil in a year despite ongoing sanctions by the United States government, according to data released by customs on Thursday.

China brought in 260,312 tonnes of Iranian crude oil in December, according to data from the General Administration of Chinese Customs, which last recorded Iranian oil inflows in December 2020 at 520,000 tonnes.

It was not immediately clear which company brought in the latest cargo, which is equal to the amount of oil that would fit onto one very large crude carrier (VLCC) tanker, and which terminal it was discharged into.

Unofficially, China's imports of

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First Published: Jan 20 2022 | 10:12 AM IST

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