beijing\s iran crude imports drop 45
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Beijing's Iran crude imports drop 45%

Arab Today, arab today

Arab Today, arab today Beijing's Iran crude imports drop 45%

Tehran - Arabstoday

China, the biggest buyer of Iranian crude, cut imports by 45 per cent in February from a month earlier as the nations disagreed over payment terms. Purchases from the Islamic Republic fell to 1.15 million metric tonnes, or about 290,000 barrels a day, according to Bloomberg calculations from data by the Beijing-based General Administration of Customs yesterday. That's the lowest level since May 2010 and compares with an average 557,413 barrels a day last year. China's total net crude imports rose 7 per cent from a month earlier to a record 5.87 million barrels a day. Purchases from Iran slid as China International United Petroleum & Chemical Co, the nation's biggest oil trader, delayed signing a 2012 term contract with National Iranian Oil Co because of the payment dispute. The issues were largely resolved late last month, according to three people with knowledge of the talks. Iran is seeking alternative buyers as the US and European Union impose sanctions on its oil sales in an attempt to halt its nuclear programme. China, which typically buys about a fifth of Iran's crude exports, faces US sanctions if it doesn't curtail imports. President Barack Obama signed a bill on December 31 that denies access to the US financial system to any foreign bank that conducts business with the Central Bank of Iran. The US won't impose sanctions on Japan and 10 European Union nations that have "significantly" cut back their purchases of Iranian oil this year, Secretary of State Hillary Clinton said on Monday. China, India and South Korea didn't get waivers.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

beijing\s iran crude imports drop 45 beijing\s iran crude imports drop 45

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

beijing\s iran crude imports drop 45 beijing\s iran crude imports drop 45

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday