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Reuters: Iran Increased Oil Discounts to Maintain Chinese Market

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Reuters: Iran increased oil discounts to maintain the Chinese market

The Reuters news agency reported on Wednesday, October 28, that the discounts on Iranian oil for Chinese buyers have reached the highest level in over a year.

According to this news agency, as U.S., British, and European Union sanctions against Russia and the Islamic Republic intensify, some independent Chinese refineries facing a shortage of crude oil import quotas have reduced their purchases from Tehran.

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