China and India decrease oil-imports from Iran

[Surenas]

Iran’s Oil Exports Estimated at 824,000 bpd – New Low

Iran’s oil exports for the month of December are projected to be as low as 834,000 barrels per day in December. Iran sold 1.08 million bpd in November. Declining imports by China and India are the main reasons for the new low volumes.

China’s imports this month are estimated at only 242,000 bpd, a new low. In November, China purchased an estimated of 382,000 bpd. And in the period of January-October, China’s imports averaged 426,000 bpd, a figure already 22 percent lower than in 2011.

India’s loading for December is estimated at 119,400 bpd compared with 275,000 bpd in November. India’s Jan-Oct average was at 328,000 bpd.

Because of sanctions, China, India and South Korea are unable to secure insurance for tankers carrying Iranian crude.

Uskowi on Iran -

 

[neehar]

i wonder from where does india planin to balance its requirements...africa???or russia???viet??

 

[INDIC]

i wonder from where does india planin to balance its requirements...africa???or russia???viet??

It seems Iraq.

 

[The SiLent crY]

Iran's going it's own way . no matter if China or India stop buying oil .

 

[Surenas]

Iran's going it's own way . no matter if China or India stop buying oil .

Yes, going it's own way with less income.

 

[T@brizi]

Iran has already made move to greatly reduce it's income on crude oil sales. we must move to petrochemical, we can make more money from that then to sell just crude oil itself.

 

[INDIC]

Yes, going it's own way with less income.

We are facing inflation in India but the pressure is intense from the West to decrease oil import from Iran.

 

[Azazel]

Oil Companies can no longer afford to buy insurance for the oil shipment from Iran.Difficulty of finding cargo ships is also another reason.Indian Oil Cos have no other choice,but to cut down Iranian oil imports.

 

[aakash_2410]

We are facing inflation in India but the pressure is intense from the West to decrease oil import from Iran.

@Gigawatt love your avatar! Iron man of India indeed!

 

[INDIC]

Iran has already made move to greatly reduce it's income on crude oil sales. we must move to petrochemical, we can make more money from that then to sell just crude oil itself.

Can you provide some detail about it, who are Iran's customers of petrochemicals.

 

[The SiLent crY]

Yes, going it's own way with less income.

less income can't change Iran's way .

 

[ChineseTiger1986]

What i've seen is the exact opposite.

US seen extending Iran sanction waivers - Khaleej Times

Because that China keeps buying the oil from Iran, thus they are giving a free pass to other nations.

 

[ChineseTiger1986]

This is a country with sovereignty.

PressTV - Chinese crude oil imports from Iran hit highest level in four months

PDVSA to double the supply of crude oil to China in 2015, Freight News, Commodities, Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping


This is a puppet country listening to its master's order.

Exclusive - South Korea to cut Iran oil imports 20 percent year-on-year for 6 months: sources | Reuters


And this is the propaganda.

China Positioned to Avoid U.S. Sanctions - WSJ.com

 

[twilight]

well , thank to British/YAnkee/western trick our economy was build base on oil's export .... and now we have some problem but it is good ... finally after 60 years we clearly see our hidden economic weakness and going to fix it in 3-4 years ... but it would be 3-4 hard years .....

We would face this problem in 2020-2025 when our export would decrease ... but thank to new sanctions , we face this problem early .... and we would face this problem as well ....

.....................

and the sanction are base to some report from western worshiper in Iran who gave west proper information ....

....................
as we know
"you can't solve your economic problems without some trouble ......"

 

[SOHEIL]

no problem ...