ID :
200065
Tue, 08/09/2011 - 12:08
Auther :

Official: Demand for Iran's Oil Further than Expected

TEHRAN (FNA)- Managing Director of the National Iranian Oil Company (NIOC) Ahmad Qalebani dismissed media reports that the country has faced problems in selling its oil supplies, and said the demands for Iran's oil are more than the country's exports.
"There is no problem with regards to selling oil and the demand [for our oil] is more than we export," Qalebani said.

He also said that India has cleared euro 1 billion ($1.42 billion) of its massive debt to Iran and Tehran has no problem in continuing to supply New Delhi with crude.

Qalebani told reporters on Monday that India had paid euro1 billion of its 4.8 billion-euro ($6.8 billion) debt to Iran.

Turing to reports about China and South Korea's debts for the crude they import from Iran, Qalebani said, "The Central Bank of Iran (CBI) as the sole body in charge of receiving payment for the country's oil exports has not reported such a matter to NIOC."

Meantime, China's General Administration of Customs announced on Monday that the volume of China's imported oil from Iran has increased by 49% in the first half of 2011 compared with the same period last year.

According to the report, Iran's total oil exports to China stood at 13.47mln tons during the same period.

China's General Administration of Customs also announced that the country's total oil imports in the first six months of the current year surpassed 136mln tons which shows a 9% increase compared with the same period last year.

China is one of the biggest buyers of Iranian crude oil and its top energy company CNPC has deals to boost output at Iran's North Azadegan oil field and South Pars gas field.





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