A Surge in Iranian Oil Exports Is Clogging Up Chinese Ports
- Volumes of Iran-origin crude to China up sharply: Kpler
- Most other nations wary of Iranian oil due to U.S. sanctions
Photographer: Yu Fangping/VCG/Getty Images
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China is gorging on sanctioned Iranian oil -- with imports forecast to more than double this month from February -- as other countries hold off purchases for fear of incurring the wrath of the U.S.
Iranian shipments to the province of Shandong, home to a quarter of China’s refining capacity, have surged so much this month they’re causing congestion at ports and filling up storage tanks, traders and analysts said.