The Yellow Dragon’s Addiction to Iranian Oil / Billion-Dollar Savings for Chinese Refineries
Estimates by the Kepler Institute show that China purchased over 80% of Iran's exported oil in 2025, with daily imports averaging around 1.38 million barrels, equivalent to approximately 13% of China's total seaborne oil imports.
According to Energy Press, China has become the primary destination for Iranian oil exports since the US sanctions were reinstated in 2018.
Estimates from the Kepler Institute show that China will purchase over 80% of Iran’s exported oil by 2025, with daily imports averaging around1.38 million barrels, to approximately 13% of China total seaborne oil imports.
This share has transformed Iranian oil a marginal source to a hidden chokepoint in China’s energy supply chain
The main driver of this is the price discount on Iranian oil Iranian ‘Light’ oil is sold at a discount of around $8 compared Brent, creating billions of dollars in for Chinese refineries, particularly the independentTiPat’ refineries in Shandong.
Tags:oil
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