Iran exports 1.5 mln bpd of oil to China: Kpler

Kpler, a major international energy data and analytics group, has reported that the Chinese imports of Iranian crude oil from the Islamic Republic has reached 1.5 million bpd, according to a Wednesday report by the IRNA.

In the first seven months, Iran has exported 917,000 bpd of crude oil to China on average, added the source.

This has been considered the highest figure in Kpler’s statistics since 2013.

According to Kpler, Iran’s two main grades are currently trading at discounts of more than $10 a barrel to Brent, traders said, which are considerably cheaper than Russian varieties.

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