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Asia’s top buyers of Iranian crude have reduced purchases

NCRI – Asia’s top buyers of Iranian crude have reduced purchases by 11.5 percent so far this year, and shipments are set to fall further, Reuters reported.

China, India and South Korea – three of the Iranian regime’s top four clients – have rebuffed the regime’s offers for more oil.

The four major Asian buyers between January and September imported 953,567 barrels per day (bpd) of Iranian crude, down 11.5 percent from the same nine months in 2012, according to government statistics and oil tanker arrival schedules.

Oil sales by the Iranian regime are expected to fall sharply in October to their lowest in months at about 719,000 bpd, according to sources who track preliminary tanker loading plans, the report said.