{"id":58452,"date":"2025-12-03T16:24:30","date_gmt":"2025-12-03T12:54:30","guid":{"rendered":"https:\/\/zardis.net\/news\/?p=58452"},"modified":"2025-12-12T11:06:29","modified_gmt":"2025-12-12T07:36:29","slug":"china-increases-oil-purchases-from-iran-western-mediasay","status":"publish","type":"post","link":"https:\/\/zardis.net\/news\/en\/58452\/china-increases-oil-purchases-from-iran-western-mediasay\/","title":{"rendered":"China increases oil purchases from Iran, Western media\nsay"},"content":{"rendered":"<div>\n<p>China\u2019s independent oil refiners are boosting their intake of Iranian crude from onshore tanks and ships idling at sea after Beijing issued a fresh round of import quotas late last month, Bloomberg reported.<\/p>\n<p>Several processors based in Shandong province have been taking crude from bonded storage at ports and refineries this week, according to people familiar with the matter, asking to not be identified discussing sensitive information. A lot of the oil had been bought prior the new quota allocation, they said.<\/p>\n<p>China\u2019s private refiners, known as teapots, dominate the nation\u2019s purchases of crude from Iran and Russia, which are cheaper than other grades, but had to scale back buying during the fourth quarter due to exhausted allocations and the fallout from sanctions. Beijing runs a quota system under which it controls the amount of oil that non state-owned refiners can import.<\/p>\n<p>Still, overall demand from teapots is likely to remain muted through year-end, in part due to weak processing margins, according to Vortexa Ltd. That means \u201csanctioned crude is likely to keep accumulating on water,\u201d said Emma Li, lead China market analyst for Vortexa.<\/p>\n<p>Chinese authorities typically provide guidance on the overall annual quota, but don\u2019t usually give details on the tranches issued throughout the year that make up the actual total figure. For the latest allocation, about 20 teapots got between seven-to-eight million tons, according to analysts.<\/p>\n<p>Two supertankers carrying Iranian oil that had been idling off China, discharged their cargoes this week at separate Chinese ports, according to ship-tracking data compiled by Bloomberg. One of the vessels, Panama-flagged Ill Gap \u2014 transporting about 2 million barrels \u2014 unloaded at Rizhao.<\/p>\n<p>The vessel\u2019s Mumbai-based manager Eversail Ship Services OPC PVT, and owner Crystal Blue Sky Inc. that\u2019s in the Marshall Islands, did not respond to emails for comment. It\u2019s not been sanctioned by any Western governments.<\/p>\n<p>Iranian crude held on tankers at sea climbed to more than 54 million barrels this week, the highest in about two and a half years, according to data from Kpler. China is the biggest consumer of oil from the OPEC producer, which is subject to sanctions. Exports recently rose to the fastest clip in years.<\/p>\n<p>Given the very limited pool of buyers, Iranian oil needs to be cheap. Some cargoes of Iran Light were offered at a discount of around $8-to-$9 a barrel to ICE Brent this week, compared with about $4 in August, according to traders. Widening sanctions on Russia are also leading to cheaper barrels.<\/p>\n<p>Many Chinese refiners burned through their allocations faster than usual this year due to stricter tax regimes on alternative feedstock such as fuel oil. Since 2024, they\u2019ve received full-year quotas upfront to aid planning, but that system often leaves them running short well before year-end.<\/p>\n<p>MNA<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s independent oil refiners are boosting their intake of Iranian crude from onshore tanks and ships idling at sea after Beijing issued a fresh round of import quotas late last month, Bloomberg reported. Several processors based in Shandong province have been taking crude from bonded storage at ports and refineries this week, according to people [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[7100],"tags":[],"class_list":["post-58452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/posts\/58452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/comments?post=58452"}],"version-history":[{"count":0,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/posts\/58452\/revisions"}],"wp:attachment":[{"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/media?parent=58452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/categories?post=58452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/tags?post=58452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}