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FinancialNews


  • 24-11-18

    Iran continues oil sale to China

    (MENAFN) Iran can now sell its oil to China, its key major client, after an agreement was reached on waiver amid U.S. pressures.

    Iranian oil was announced by a source to be allowed to be sent to China starting this month, following its suspension last month.

    The waiver was unveiled to be authorizing the purchase of 360,000 barrels of Iranian oil per day for a period of six months, effective November.

    It comes after the U.S. renewed its sanctions against Iran, causing major concerns on the move generating a deficit in supply.

    MENAFN2411201800450000ID1097739101

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