Tehran / Riyadh (NNI) Saudi Arabia fulfills promise of alternative oil to China after US imports Iranian oil imports. Saudi Arabia has promised to supply oil to China after the US imposed sanctions on Iranian oil imports, according to media reports. Saudi Arabia has fulfilled its promise to Beijing and China is currently approaching one million barrels a day from Saudi Arabia.
Saudi Arabia fulfills its promise to provide alternative Iranian oil to China
Is buying oil. China has a new record of oil purchases from Saudi Arabia. According to a report by Chinese Customs, last month, Beijing became the largest distributor of Saudi Arabia’s crude oil purchases in Asian countries. Last month, China bought 7.72 million tonnes of oil from Saudi Arabia, which equates to a mere 89.8 million barrels. Iranian oil procurement from China has reached its lowest level since 2010. China has also increased its purchase of oil from Angola and Russia following the ban on Iranian oil imports.