China imported Iranian crude oil has reached the highest level in 10 years

Data Intelligence Company KPLER data shows that due to the rise in global oil prices, Iran's discount crude oil, which has been sanctioned, is more attractive to China. The number of imported Iranian crude oil in China has reached the highest level in 10 years.

According to Bloomberg News on Wednesday (August 16), KPLER estimates that China will import about 1.5 million barrels of crude oil from Iran every day in August.In contrast, the average daily amount of Iranian crude oil imported by China in the first seven months of this year was 917,000 barrels.The import volume in August will be the highest value since Kpler has statistical data in 2013.

Another company Vortexa LTD. also estimates that China will import about 1 million barrels of crude oil from Iran in August in August, which is more than 1.3 million barrels of a monthly monthly record in December last year.

Global crude oil benchmark Brent crude prices have risen by about one -fifth since late June, prompting the demand for discount crude oil to increase.It is reported that many independent refineries in Shandong Province have recently purchased Iranian crude oil.

According to traders participating in the transaction, the current transaction price per barrel of the two main products of Iran is more than $ 10 (about S $ 13) than Brent crude oil.a lot of.

Kpler's senior oil analyst Homayoun Falakshahi said, "The higher the benchmark price, the higher the risk return of the Shandong refinery to buy Iranian crude oil." In Chinese government data, Iranian crude oil is usually marked from Malaysia from MalaysiaIf these crude oil is mixed with more quality Venezuela crude oil, it can also be marked as diluted asphalt mixture.

Iran has been gradually increasing oil exports this year, most of which are sold to China.According to traders, Beijing has relaxed the investigation of imported asphalt mixture and accelerate the customs clearance of goods.

The U.S. government restarted sanctions on Iranian energy and finance in November 2018 to prohibit Iran from exporting crude oil from external exports.The United States also gave temporary sanctions exemption to eight Iranian crude oil import countries and regions such as India and Turkey at the time to stabilize the international crude oil market.

However, the US government announced in April 2019 that it will no longer give sanctions exemption from some countries and regions to the import of Iranian crude oil to comprehensively prohibit Iran's crude oil exports.