Export of one million and 450 thousand barrels of Iranian oil to China
reported Mehr News Agency quoted Oil Price, analysts of Standard Chartered pointing to the increase in Iran’s oil exports, they claimed that Malaysian waters have become a route for the transfer of Iranian oil from ship to ship.
According to the institute, China’s import of Iranian crude oil from Malaysia reached 1.456 million barrels per day in June, which is Iran’s second largest monthly record. Commodity experts believe that Malaysia’s crude oil production is around 0.35 million barrels per day, while the country’s exports usually average 0.2 million barrels per day. In addition, most of the oil that China imports from Malaysia is not produced by this country.
Some media sources claim that these transfers are made through a fleet of old oil tankers that do not have a specific insurer. These old tankers turn off their transmitters.
It was previously reported that Iran’s oil exports have increased drastically during Biden’s presidency. America and its allies hope to sign a new nuclear agreement with Tehran. In 2015, the Trump administration withdrew from the JCPOA agreement. Iran’s oil production during Trump’s presidency decreased from 3.8 million barrels per day in early 2018 to less than 2 million barrels per day in late 2020, but the country’s oil production during Biden’s presidency reached 3.2 million barrels in The day has increased.
Donald Trump has announced in his election campaigns that he will limit Iran’s oil exports if he becomes president. According to Standard Chartered, Iranian oil will play a key role in the trade policy between China and the United States.
The price of oil decreased during the last week and reached less than 80 dollars and 60 cents per barrel on the 23rd of July. Some consider the reason for the drop in oil prices to be the concern about the prospect of demand in China as the world’s largest oil importer.
