China remains Iran’s biggest oil customer

Azerbaijan, Baku, Nov. 10 / Trend D.Khatinoglu/

China remains Iran's biggest oil importer, OPEC reported on Wednesday.

Over the first nine months of in 2011 China's net oil imports rose by 313 tb/d, or 6.1 percent to 5.4 mb/d.

"Suppliers to the Chinese market were Saudi Arabia with 0.96 mb/d, followed by Angola with 0.64 mb/d, Iran with 0.51 mb/d, Oman with 0.45 mb/d and Russia with 0.41 mb/d', OPEC reported.

India is Iran's second biggest oil customer. Iran says it is exporting about 0.4 mb/d of oil to India.

India's oil imports in the first nine months of 2011 were at 327 tb/d, which represent a decline of 2 percent, or 7 tb/d, steady compared with the same period of 2010.

Iranian oil output decreased to 3.578 million barrels per day in October 2011.

According to OPEC's report, Iran's oil production was 3.706 million barrels per day in average in 2010, indicating a rise by 128,000 barrels more than current output level.

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