Indian media say the country has for the first time signed a contract to import liquefied petroleum gas (LPG) from Iran as part of New Delhi’s plans to support the rising fuel demand by the urban sector.
Minister of Industry, Mine and Trade Mohammadreza Nematzadeh announced on Wednesday that his ministry is drawing up a list of goods produced in Iran to the extent that meets or exceeds domestic requirements, in a move to curb imports.
China's crude imports from Iran expanded nearly 18 percent in 2016 to a record 624,260 barrels per day (bpd), as Chinese state oil firms started to lift barrels from their investments in Iranian oilfields in addition to term supply agreements.
China's Iranian crude oil imports will hit a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, according to senior industry and trading sources.
France’s imports from Iran in the first nine months of 2016 show a staggering 34-fold rise compared to the corresponding period last year, thanks to resumption of oil imports after coming into force of the Iran's nuclear deal with world powers, known as the Joint Comprehensive Plan of Action (JCPOA).