Iran General NewsS.Africa Iranian oil imports soar in Feb

S.Africa Iranian oil imports soar in Feb

-

Reuters:  South African crude oil imports from Iran leapt in February to $364 million from zero the preceding month, customs data showed on Monday, dashing the view that Pretoria has bowed to U.S. pressure to curb commercial links with Tehran.

JOHANNESBURG – (Reuters) – South African crude oil imports from Iran leapt in February to $364 million from zero the preceding month, customs data showed on Monday, dashing the view that Pretoria has bowed to U.S. pressure to curb commercial links with Tehran.

The Revenue Service said Africa’s biggest economy imported 417,000 tonnes of Iranian crude in February, a dramatic reversal of a declining trend seen since October, when it imported 467,000 tonnes.

South Africa has come under Western pressure to cut Iranian crude imports as part of sanctions designed to halt Tehran’s suspected pursuit of nuclear weapons, although it has been unclear how diplomatically non-aligned Pretoria is responding.

Senior energy and foreign ministry officials directly contradicted each other last month as to the status of Iranian imports.

However, January trade and customs data showed Iranian crude imports at zero compared with a monthly average of $280 million last year.

Iran has been South Africa’s biggest crude supplier, accounting for a quarter of its oil imports.

The biggest South African buyer of Iranian crude is Engen, majority-owned by Malaysian national oil company Petronas . Engen has not commented, but a Petronas source told Reuters last month Engen had stopped buying Iranian oil from March.

Petrochemicals group Sasol, which took 12,000 barrels of Iranian oil a day, says its has already found new suppliers but has not named them.

In January, trade figures showed a spike in imports from Saudi Arabia, Qatar and Ecuador, suggesting they were being used as alternative suppliers to Iran.

In February, Saudi Arabia was South Africa’s biggest supplier, with 582,000 tonnes of crude, followed by Iran, Nigeria, Angola an Ecuador. ($1 = 7.6745 South African rand) (Reporting by Ed Cropley, editing by Ed Stoddard)

Latest news

Amnesty International Calls Halting the Death Sentence of Toomaj Salehi

On Thursday, May 17, Amnesty International sent a letter to the head of the Iranian regime’s judiciary, calling for...

Around 6 Workers Die of Safety Incidents Every Day in Iran

Ali Ziaei, the head of the Crime Scene Investigation Group at the Iranian Forensics Organization, reported the deaths of...

Air Pollution Kills 26,000 People in Iran Every Year: Head of Environment Organization

Ali Salajegheh, the head of the Environmental Protection Organization admitted in a conference in Kerman on Monday, May 13...

Australia Sanctions Iranian Regime Navy and IRGC Commanders

On Tuesday, May 15, the Australian Government imposed targeted sanctions on five Iranian individuals and three entities, in response...

Iranian Regime Sabotage Plot Neutralized in Jordan

According to informed Jordanian sources, security authorities thwarted a suspicious plot led by the Iranian regime to smuggle weapons...

Iran Facing Infant Formula Scarcity Again

Iranian media have reported a new increase in the price of infant formula and announced that this trend has...

Must read

No Battle Between Hardliners and Moderates in Iran

Iran Focus London, 4 Apr - The pro-Iran lobby is...

Iran drops ten places in FIFA rankings – report

Iran Focus: Tehran, Iran, Apr. 09 - Iran’s national...

You might also likeRELATED
Recommended to you

Exit mobile version