U.S. grants waivers to Iranian oil buyers

The United States has granted temporary waivers allowing eight importers to keep buying Iranian oil after Washington re-introduced sanctions targeting Iran’s banking, shipping and energy sectors

KEY CUSTOMERS OF IRANIAN OIL
Includes crude oil and condensates (thousands of barrels per day) 

China  602
       665
India  462
       576
South  252 
Korea  160
Turkey 205
       160
Italy  167
       143
Japan  130
       113
Greece 104
       79
UAE    102
       126
Spain  60
       92

2017     Jan-Sep 2018 

100 200 300 400 500 600 700

OIL WAIVERS
 
Duration: Under U.S. law, exceptions can be granted for up to 180 days

Provisions: Exceptions granted on basis that importers have already reduced purchases and will further reduce them in future

Eight countries: China, Greece, India, Italy, Turkey, South Korea, Taiwan and Japan to get sanctions waivers for Iran oil imports



Sources: Associated Press, Reuters, S&P Global Platts   © GRAPHIC NEWS