Iran's China oil outfit battles to boost exports

National Iranian Oil Company (NIOC) has set up its first Beijing office to push for crude sales in China, but the world’s No.4 crude exporter will have a tough job boosting volumes sharply in the absence of a refinery.

Now China’s second biggest crude supplier, Iran sold China nearly half a million barrels each day in the first four months of this year, but posted only a tepid 3-percent year-on-year rise, far below the 26-percent rally in exports from top supplier Saudi Arabia, official data shows.
Reuters