Iran’s crude oil export to Japan up by 40%
Baku, Azerbaijan, Feb. 4
By Fatih Karimov – Trend:
Iran’s crude oil export to Japan increased by 40.7 percent in December 2016 and reached 7.634 million barrels.
The figure indicates a rise by 7 percent compared to the preceding month, Japan’s ministry of economy, trade and industry said in a message.
On a daily basis, Iran’s crude oil export to the Asian country stood at 246,000 barrels per day in Dec. 2016 compared to 175,000 barrels per day in Dec. 2015.
Tehran was Japan’s fourth crude oil supplier after Saudi Arabia, the UAE and Qatar with a share of 6.8 percent in Dec. 2016.
Saudi Arabia exported 44.24 million barrels of crude oil to Japan in Dec. 2016, or 39.5 percent share of the country’s total crude oil imports.
According to the latest statistics, during the first full year since the sanctions were lifted (Jan 2016), Iran has boosted exports to its biggest Asian customers by nearly 60 percent to 1.63 million barrels per day.
Under the sanctions, Iran could sell maximum one million barrels a day to its customers, but now it allocated more than 2.5 million bpd crude oil for export and the Asian countries are still Islamic Republic's major customers.