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International relations

Iranian oil flowing past Malaysia on way to Asian customers

China continues imports despite US sanctions

China continues to import oil from Iran despite the expiry of U.S. waivers that allowed it do so without threat of penalty by Washington.   © Reuters

SINGAPORE -- Iran's efforts to sustain its oil exports to Asia in the face of tightened U.S. sanctions appear to be getting some assistance from Malaysia, according to analysis of data on ship movements.

"Iranian oil typically arrives in the Straits of Malacca and is handed over using ship-to-ship oil transfer to Chinese very large crude carriers," Samir Madani, co-founder of TankerTrackers.com, a company in Sweden which monitors the shipping and storage of oil via analysis of ship transmission data, commercial satellite imagery and other information, told the Nikkei Asian Review.

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