Iran’s crude oil shipments to China have tripled over the past three years, despite US sanctions targeting the Iranian oil exports, the latest figures by data analytics firm Kepler show, Report informs via Mehr News Agency.
Kepler, which is also a major international tanker-tracking service, said in a report that Iran’s oil exports to China in 2017 and 2018 were 692,000 and 746,000 barrels per day (bpd), respectively.
However, those figures dropped to 466,000 and 324,000 bpd in 2019 and 2020, in the wake of the US unilateral withdrawal from the Iran nuclear agreement in May 2018 and its subsequent sanctions on the country’s economy.