Iran’s oil discount to China reaches its highest level in a year

Iran’s oil discount to China reaches its highest level in a year

As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.

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Iran’s government’s positive actions in oil marketing were fruitful
An energy expert stated:

Iran’s government’s positive actions in oil marketing were fruitful

Mehdi Hashemzadeh emphasized the necessity of creating an oil market and said: "Right now, we are witnessing that Iran's exports have made good progress with the positive measures that have been taken in creating an oil market, and it is necessary to continue this process, and if the sanctions are lifted, we can play an important role in the world markets."