Iranian crude exports to China have dominated headlines round sanctions busting for years, however far much less consideration has been given to Iran’s 500,000 b/d refined merchandise commerce. Round 65% of this commerce sometimes results in the UAE’s storage services, in line with knowledge intelligence agency Kpler.
Regardless of the UAE’s closeness with the US, in addition to its personal fractious relations with Tehran, this move continues to carry robust. Kpler estimates a median of 259,000 b/d flowing into the important thing port of Fujairah this yr (80% of whole Iran-UAE flows; see chart 1); Hamriyah takes one other 35,000 b/d, with the rest break up between smaller ports. (CONTINUED – 964 WORDS)
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