Iran’s Oil Exports to Asia to Rise by 60% in May: Report
TEHRAN (Tasnim) – Asian imports of Iranian crude oil in April surged by more than 13 percent from a year ago, a report said, predicting that the country’s oil exports are also expected to witness a 60 percent rise in May.
According to a report carried by Reuters on Tuesday, Iran’s exports to Asia witnessed a 13 percent rise in April with shipments into India and South Korea offsetting a big slump in purchases by Japan.
It added that the April imports by Iran's biggest buyers would have been higher if Japan had not halted loadings in March over shipping insurance concerns.
Iran's total oil exports to Asia are likely to rise nearly 60 percent in May from a year earlier to 2.3 million barrels per day (bpd), the report further said.
China imports from Iran fell more than 5 percent to just over 670,000 bpd in April, while India's surged nearly 50 percent to around 390,000 bpd.
South Korea's imports rose nearly 90 percent to 237,000 bpd. Japan's shipments fell 72 percent to less than 20,000 bpd.
