Middle East Economic Survey

VOL. L

No 49

3-December-2007

IRAN

China Seeking Increased Crude Supplies From Iran

Chinese companies are negotiating with Iran for increased supplies of crude oil, according to National Iranian Oil Company (NIOC) Marketing Director Mohammad Khatibi. He said on 26 November, China buys 400,000 b/d from Iran and wants to increase this figure. Traders Zhuhai Zhenrong and Unipec, and refiner Sinopec, the main importers of Iranian crude, are all negotiating increased...