China imports 2 mln barrels more of Iran oil, likely for reserves

Volumes of China's Iranian oil purchases, passed off as oil from suppliers such as Malaysia, Oman, Iraq or the United Arab Emirates, make up roughly 7% of China's total crude oil imports. Read full storyRead full story

SINGAPORE: China has received a new shipment of nearly 2 million barrels of Iranian oil in the past week at a southern port, according to shipping trackers, with one tracker saying the cargo is destined for state reserves.

The 260,000 tonne cargo, carried by vessel Dorena which is owned by the National Iranian Tanker Corp (NITC), was discharged at Zhanjiang port, according to shipping tracking specialist Vortexa Analytics as well as U.S. advocacy group United Against Nuclear Iran, which specialises in tracking Iranian oil flows.