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2015-08-02 18:30:00

IRAN OIL UP 13%

IRAN OIL UP 13%

Asian imports of Iranian crude oil rose from a year ago in June, the last month before a landmark agreement that will eventually lead to more exports from the country was reached on Tehran's disputed nuclear program.

Imports by Iran's four biggest buyers - China, India, Japan and South Korea - totaled 1.17 million barrels per day (bpd) last month, up more than 13 percent from a year earlier, government and tanker-tracking data showed.

Iran is keen to recover market share that evaporated under U.S. and European Union sanctions designed to keep its exports at around 1 million bpd, down from 2.5 million bpd in…

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Tags: IRAN, OIL, CHINA, INDIA, JAPAN, SOUTH KOREA
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