Iranian Oil Imports To China Increased
(MENAFN- AzerNews)
By Alimat Aliyeva
Independent oil refineries in China increased crude oil imports
from Iran by 4.3% in June, reaching an eight-month high of about
6.1 million metric tons, Azernews reports.
According to information, Iranian oil has become more popular
among independent refineries in recent months.
It is reported that China's independent refineries, mainly in
the eastern province of Shandong, increased imports of Iranian oil
by 4.3% in June to an eight-month high of about 6.1 million tons in
order to reduce raw material costs and improve the weak
profitability of refining.
It is noted that this volume was the highest since October 2023,
when it reached 6.22 million tons.
The share of Iranian oil in the total portfolio of raw materials
of small independent refineries in Shandong in June was about 65.7%
compared with 54.2% in May.
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