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Malaysia Enables Iran to Continue Oil Exports to China
(Nikkei Asian Review-Japan) Damon Evans - Malaysia is helping Iran sustain its oil exports to China. "Iranian oil typically arrives in the Straits of Malacca and is handed over using ship-to-ship oil transfer to Chinese very large crude carriers," said Samir Madani, co-founder of TankerTrackers.com. Throughout their time near Malaysia, the Iranian ships keep their tracking transponders turned off. Vandana Hari, chief executive of the oil markets research company Vanda Insights in Singapore, noted that crude oil shipments to China from Malaysia surged 86% in May from a month earlier. "This cannot be explained as higher flows of Malaysian crude to China [because] Malaysian oil output is stagnant," she said.