Exclusive: China, India Plan Iran Oil Cuts Of 10 Percent Or More

BEIJING/NEW DELHI (Reuters) - China, India and Japan are planning cuts of at least 10 percent in Iranian crude imports as tightening U.S. sanctions make it difficult for the top Asian buyers to keep doing business with the OPEC producer.

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Topics:  asia   china   energy   india   iran   iran sanctions   japan   middle east   oil   opec   
  • Exclusive
    February crude loadings by Iran's top four buyers - China, India, Japan and South Korea - rose to 1.16 million bpd versus 994,669 bpd in January, according to the loading plan. Adding in oil lifted by Turkey - which came in at 105,824 bpd in January and ...
    03/18/2014 - 9:22 pm | View Link
  • EXCLUSIVE-Iran's oil sales rise as sanctions pressure eases -sources
    A second tracking source familiar with Iran's shipments, who estimated an increase of 60,000 bpd in January, said he had seen a pick-up "especially in India ... up on cuts from previous months. A source with a Japanese buyer of Iranian oil said import ...
    01/22/2014 - 12:17 am | View Link
  • Exclusive: China may raise Iran oil imports with new contract: sources
    India and South Korea were extended in November. China's waiver, together with November's diplomatic breakthrough, may have taken some pressure off the U.S.-listed Sinopec, the world's single largest Iranian oil processor, to make further cuts.
    12/30/2013 - 8:18 pm | View Link
  • Exclusive
    Last week the United States granted 180-day waivers on Iran sanctions to China, India, South Korea ... state-run Korea National Oil Corp show. The planned cut was confirmed by two other sources with direct knowledge of the plan, although none of the ...
    12/9/2012 - 8:32 pm | View Link
  • Exclusive: China, India plan Iran oil cuts of 10 percent or more
    The countries together buy about 45 percent of Iran's crude exports. The reductions are the first significant evidence of how much crude business Iran could lose in Asia this year as Washington tries to tighten a financial noose around Tehran. The cuts ...
    02/21/2012 - 2:45 am | View Link
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