Shipment rates from Far East to North China now cost about 4-4.5 million dollars.
Russian Federation’s import oil from Far East and Iranian oil to China will continue in March, as the tanks do not have the US penalties to participate in transportation. This was reported by the Reuters News Agency with a reference to resources.
Some of these vehicles have previously been used to bring penalty oil, especially from the Baltic region, or transported oil products.
LSEG data shows that 11 tanks that have not been under US penalties have recently joined transportation between Russia and China.
Shipment rates from the Far East of Russia to North China now cost about 4-4.5 million dollars.
Other factors in Russian oil exports include -a reduction in processing in Russian refineries due to blows of Ukrainian drones, leaving more oil for exports.
Iran oil imports in China recover up to 1.4 million barrels per day from 1 to February 20 after falling to about two -minimum – less than 800,000 barrels per day in January, Vortexa data.
According to Kpler, Iran’s oil supply in China in February rose to 771,000 barrels per day compared to 692,000 barrels in January.
As you know, in January 2025, the United States of America imposed a major penalty against oil from Russia.
Source: korrespondent
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