Official: Asia imports over 60 percent of Iran's oil

Director of International Affairs at National Iranian Oil Company (NIOC) Mohsen Qamsari announced that the Asian countries are the biggest consumers of Iran's crude.

"A sum of 62 percent of the Iranian oil is being exported to the Asian countries," Qamsari said on Sunday.

He noted that China is currently the biggest buyer of Iran's oil as it was in the sanctions era.

"The average daily exports of Iran's oil to China exceed 600,000 barrels," Qamsari said.

Chinese SINOPEC and CNPC are to continue cooperation with Iran in the second phase of projects to develop North Azadegan and Yadavaran fields.

The 16th Iran-China Joint Economic Commission also decided last week for closer contacts and negotiations for further expansion of mutual cooperation in the oil sector.

EA