Iran’s oil exports to Asian countries have increased by 50% in the third month of the current year compared the corresponding period last year.
A surge in South Korean and Indian oil imports from Iran following the removal of sanctions has caused a 50% growth in the Asian countries’ oil imports from the Islamic Republic in March, 2016.
The growth in oil imports indicates that Iran’s strategy in regaining its share of global oil market has been successful after the removal of sanctions.
Based on customs and shipping data, total oil imports from Iran by the four major Asian customers (China, India, Japan, South Korea) hit 1.560 million barrels/day in March, up by 49.9% compared to the figure for the corresponding period last year.
During the same month, India imported 506,100 barrels/day from Iran, the highest in the past five years, while South Korean imports from Iran stood at 264,452 barrels/day.
Hamas has accepted a proposal for a ceasefire in the Gaza war put forward by…
A fire has destroyed 389 houses and commercial properties in a village in the northern…
The director of the Atomic Energy Organization of Iran says the country is determined to…
The head of the UN agency for Palestine refugees (UNRWA) has repeated urgent calls for…
Iranian President Ebrahim Raisi urges Iraq’s Kurdistan region to not let its soil be used…
The United States has ramped up its search for an alternative to Ukraine's President Volodymyr…