Iran Exports To China, India and South Korea Fall In 2012
Data for 2012 recently published by the Chinese customs authorities, the Korean National Oil Corporation (KNOC) and the Indian Ministry of Oil confirm a sharp drop in Iranian exports in 2012, which may not however be wholly attributable to the effect of international sanctions.
Although Chinese imports declined in 2012 by almost 21% to 441,000 b/d compared to 557,000 b/d in 2011, the reduction...