News & Reports News Year 2012 April , 2012 Iran says oil export to china raises

Iran says oil export to china raises

TEHRAN (ISNA)-The Director of National Iranian Oil Company (NIOC) for International Affairs said the country has increased crude export to China, stressing there is no problem in sending oil to the Asian country.
"Iran's petroleum export to China has risen," Mohsen Ghamsari told ISNA.
He said that India is the second largest oil market for Iran and added India and China's oil is mostly provided by Iran. "They are the largest oil exporters from Iran," Ghamsari continued.
Ghamsari has already said that Iranian oil clients have extended their agreements with Iran by the end of 2012. He declared that many European companies had concluded 4-5 year deals with Iran.
The United States and its allies have imposed new sanctions against Iran's financial and energy sectors to force Tehran to abandon its peaceful uranium enrichment activities. Washington claims that Iran is seeking nuclear weapon and Tehran denies the allegation.
Iran imposed oil embargo on Britain and France in April after the European Union announced in January a total ban on purchasing Iranian crude, to be implemented in July.

Last Updated (Sunday, 29 April 2012 10:44)