Monday, April 2, 2012

Saudi Arabia - Iranian Oil Imports Soar In Feb - News

JOHANNESBURG (Reuters) - South African crude oil imports from Iran leapt in February to $364 million out of zero that previous month, persuits facts confirmed about Monday, dashing this view that Pretoria possesses bowed to be able to U.S. pressure to restrain private links with Tehran.

The Revenue Service stated Africa's greatest economy imported 417,000 tonnes associated with Iranian gross within February, your impressive reversal of a heading downward craze noticed since October, any time it imported 467,000 tonnes.

South Africa offers are available under Western difficulty that will lower Iranian survival mode imports included in sanctions meant to stop Tehran's suspected desire associated with nuclear weapons, though it has recently been unclear how diplomatically non-aligned Pretoria will be responding.

Senior energy in addition to international ministry authorities straight contradicted one another continue four week period spend money on this reputation of Iranian imports.

However, January operate and also customs data revealed Iranian survival mode imports from zero offer a monthly regular involving $280 zillion previous year.

Iran possesses happen to be South Africa's greatest crude supplier, accounting intended for a 1 / 4 of it has the petrol imports.

The biggest South African vendor with Iranian survival mode can be Engen, majority-owned by simply Malaysian nationwide acrylic company Petronas . Engen has not commented, nonetheless your Petronas source told Reuters very last 30 days Engen experienced stopped acquiring Iranian essential oil from March.

Petrochemicals team Sasol, which took 12,000 barrels regarding Iranian essential oil a day, says their possesses witout a doubt found new providers although includes not called them.

In January, deal figures proved a spike in imports through Saudi Arabia , Qatar along with Ecuador, suggesting some people had been being exercised seeing that alternative suppliers to be able to Iran.

In February, Saudi Arabia was South Africa's greatest supplier, with 582,000 tonnes of crude, as well as Iran, Nigeria, Angola an Ecuador.

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