(Reuters) Aaron Sheldrick and Osamu Tsukimori - Asia's top buyers of Iranian oil cut imports by more than a quarter of a million barrels per day in the first five months of the year as they prepared for U.S. sanctions that take effect on Thursday and EU curbs that bite from Sunday. Tehran acknowledged for the first time on Wednesday that its oil exports were down as much as 30% from normal volumes of 2.2 million barrels daily. Imports by Japan, China, India and South Korea from Iran fell 25% in May alone to 999,230 bpd from 1,338,193 bpd a year earlier.
2012-06-29 00:00:00Full ArticleBACK Visit the Daily Alert Archive