Freshly-released EU import data for 2016 highlight Iran’s market inroads.

The implementation of the Joint Comprehensive Plan of Action (JCPOA) in January 2016 meant the suspension of the EU embargo on Iranian oil imports (MEES, 29 January 2016). Iran didn’t hang around in bidding to reclaim buyers, with the EU importing an average of 290,700 b/d last year. While important, this is still dwarfed by the 1.6mn b/d bought by Iran’s four key Asian buyers: China, India, South...