China Customs Gap Hints at Iranian Crude Oil Labeled as Indonesian

China Iranian oil imports are increasingly listed as Indonesian crude as banks tighten checks on Malaysian-origin cargoes
An oil tanker leaves its berth from Longkou port in Yantai, China, on December 22, 2024. China Iranian oil imports are increasingly listed as Indonesian crude as banks tighten checks on Malaysian-origin cargoes (Photo by CFOTO / NurPhoto / NurPhoto via AFP)

China is importing much more crude oil declared as Indonesian than Indonesia says it is exporting, customs data from both countries show.

Chinese customs figures released this week show 9,81 million metric tons of crude listed as coming from Indonesia in the first ten months of the year, equal to about 235,570 barrels per day, according to Reuters report.

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by Edwin Shri Bimo

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