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China, South Korea, Japan and India buying nearly all Iran’s oil exports, sharp decline noted

Wednesday, 9 January 2013

Mehr News Agency quotes the Economist‘s Intelligence Unit (EIU) report: “Almost all of Iran’s oil exports now go to China, South Korea, Japan and India,” even as it noted a sharp decline in the amount of oil each country purchased from Iran in 2012. With many of Iran’s oil customers bowing to Western sanctions, Iran’s dependence on the four Asian countries has grown substantially. Tehran has become especially dependent on China, which has long been its primary trade partner. It is estimated that China is now purchases roughly 50% of Iran’s total oil exports.

 

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  • Published: 18 days ago on Wednesday, 9 January 2013
  • By: Iran Daily Brief
  • Last Modified: January 9, 2013 @ 4:28 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://www.tehrantimes.com/economy-and-business/104653-asia-is-purchasing-nearly-all-of-irans-oil

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