Iran Exported 1.5 Million bpd to China in August despite Sanctions, Report Says
TEHRAN (Tasnim) – The Kepler Institute, an institute tracking oil shipments in the world, in its latest report on Wednesday said Iran’s oil exports to China have increased to 1.5 million barrels per day (bpd) in August 2023.
This report indicates that claims that Russia has taken Iran’s share of the oil market by giving discounts to China are incorrect.
Iran has increased its oil exports because the country has become stronger geopolitically, the report said, adding that most of its shipments go to China.
The institute put the average oil exported from Iran to China in the first seven months of the current year (January-July) at 917,000 bpd, indicating the highest figure in Kepler chart since 2013.