Data released in Beijing at the beginning of 2018 showed that Iraq occupied the third place in the list of suppliers of crude oil to China in January, after leading Russia and Angola.
The data released by the General Administration of Customs this week showed that Beijing’s imports of Iraqi crude oil reached 4.45 million tons, or 1.05 million barrels per day of crude oil, up 28 percent year-on-year.
Saudi Arabia fell to fourth place in the previous month, after it came again at the top of the list of suppliers of crude to the Chinese Republic in December 2017.
Riyadh exported 4.29 million tons, or 1.01 million bpd, to Beijing, down 15 percent year-on-year, compared to 1.11 million bpd in December.
China’s total crude oil imports in January 2018 rose 20 percent month-on-month to 9.57 million bpd, growing by 9.17 million bpd.
Crude oil exports to the Iraqi oil marketing company (SOMO) in January reached an average of 3.5 million bpd.
In late January, Iraqi Oil Minister Jabbar al-Allaibi confirmed Baghdad’s commitment to OPEC’s agreement to cut production, despite Iraqi efforts to boost oil export capacity to the north and south.
Source: Iraq’s Economic Center