Friday 1 August 2014

Asian buyers take 25% more Iran oil in first half | GulfNews.com

Asian buyers take 25% more Iran oil in first half | GulfNews.com:



"Iran’s biggest clients took in a quarter more oil in the first six months of 2014 than in the same period of last year, with China and India holding to the higher volumes they started after the agreement that relaxed Western sanctions on Tehran.



Iran’s exports to its top four oil buyers — China, India, Japan and South Korea — may keep rising even though a deadline for a final deal on its disputed nuclear programme had to be extended. The lead US nuclear negotiator on Tuesday said participants aim to reach a resolution on the decade-old dispute by the end of the four-month extension.



Iran last week received the final instalment of the $4.2 billion in oil payments released as part of the earlier agreement, although another $2.8 billion was released as part of the extension."



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