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Chinese state refineries consider buying Iranian oil

March 23, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
AL24 | الاقتصاد

Chinese companies are considering purchasing Iranian crude oil in an effort to mitigate rising prices due to the war against Iran. Bloomberg reported from informed sources that state-owned refineries in China are exploring the purchase of Iranian crude oil, after Washington allowed the sale of some Iranian oil already loaded on tankers in international waters. The sources added that representatives from the National Iranian Oil Company and traders acting as intermediaries have also surveyed potential buyers among these companies and other Asian refining companies. Iran was previously a major oil supplier to top Asian importers, including South Korea and Japan, before...

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