Asian imports of Iran crude fall 25%, led by India, S Korea

March 31, 2015 6:15 AM

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Asian imports of Iran crude fall 25%, led by India, S Korea

Asian purchases of Iranian crude fell by a quarter in February from a year ago, led by big drops in India and South Korea, although the future of Tehran's oil exports remains murky as it and six world powers race to reach a preliminary nuclear deal.

Imports by Iran's four biggest buyers - China, India, Japan and South Korea - though down on-year, bounced back to average 1.02 million barrels per day (bpd) in February, a two-month high, government and tanker-tracking data showed.

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