Iran's oil exports to China exceed 1.7M barrels per day

Iran's oil exports to China have reached a record volume exceeding 1.7 million barrels per day, Report informs via Mehr.

Official statistics and analysis by international organizations show that oil production in Iran will exceed 3.5 million barrels per day in 2025, which is associated with the development of new fields, major repairs of old reservoirs, and the application of local technologies.

China's oil imports from Iran reached a record level - 1.8 million barrels per day between June 1-20.

Iran is China's main oil supplier. In other words, a large portion of the Islamic Republic's oil exports goes to China. According to analytics firm Kepler, during 2020-2023, Iran's oil exports to China tripled, reaching one million barrels per day.

The volume of oil exports from Iran to China may vary depending on various factors such as China's demand, Iran's production level, and the impact of US sanctions. Nevertheless, China remains the main buyer of Iranian oil.