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China increases oil import from Iran

22 May 2012 09:39 (UTC +04:00)

Baku - APA. China’s imports of Iranian crude oil recovered in April after sharp drops earlier this year, suggesting Beijing remains a steady customer despite U.S. efforts to tighten sanctions on Tehran, The Wall Street reported.

China’s April crude imports from Iran, at 1.6 million metric tons or about 390,000 barrels a day, were down almost 24% from a year earlierâ€”but up more than 48% from March.

Chinese officials have said that Western sanctions aren’t likely to affect its imports from the Islamic Republic. By contrast, neighbouring countries including Japan and South Korea have reduced Iranian imports as part of efforts to win sanction waivers from the U.S. government.