Iran ships major oil cargo to China

Iran has sent a major cargo of oil to China before the US threat to impose illegal economic sanctions meant to target the country's oil exports.

According to press TV, an unnamed source from the National Iranian Tanker Company (NITC) said on Friday that the firm had been shipping over 20 million barrels of oil to China’s northeastern port of Dalian.

The oil shipment would later be sold to China or other buyers, he added without specifying further details.

“As our leaders have said, it will be impossible to stop Iran from selling its oil. We have various ways of selling our oil and when the tankers reach Dalian, we will decide whether to sell it to other buyers or to China,” the source said.

Additionally, the latest shipping data provided by Refinitiv Eikon confirmed that so far, a total of 22 million barrels of Iranian crude oil loaded on NITC supertankers are expected to arrive at Dalian in October and November. 

Dalian, which hosts some of China's biggest refineries and commercial oil storage facilities, typically receives 1-3 million barrels of Iranian oil each month.

SS