Tehran, YJC. Statistics show that Asian import of Iran’s oil hit a 3-year high in 2014.
The statistics come with major buyers increasing their crude imports from Iran by almost 20 percent.
According to new data cited by Reuters on Friday, four major buyers of
Iranian oil in Asia, namely China, India, Japan and South Korea, bought an
average of1.12 million barrels per day (bpd) of Iranian crude in 2014,
up19.8 percent from the previous year.
The 2014 rise in Asian oil imports from Iran came apparently in tandem with
the easing of US-led sanctions on Iran under its interim nuclear deal with the
P5+1 group of world powers in November 2013.
China and India have seen the highest increase in the amount of oil imported
from Iran.
Reuters, however, quoted anonymous sources in India as saying that New Delhi
has ordered its refineries to keep the level of their oil import from Iran
consistent with that of the previous fiscal year.
Iran eyes more drastic changes in the US-led embargoes against
Tehranas it continues to hold successive rounds of nuclear talks with the
six world powers – Russia, China, France, Britain, the US and Germany.
Tehran and its negotiating sidesseek to reach a high-level political
agreement by March 1 and to confirm the full technical details of the accord by
July 1.