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July 31st, 2014 
David Schulberg
Iran’s exports to its top four oil buyers – China, India, Japan and South Korea – may keep rising even though a deadline for a final deal on its disputed nuclear program had to be extended, FNA reported.
Iran last week received the final installment of the $4.2bln (£2.4bln) in oil payments released as part of the earlier agreement, although another $2.8bln was released as part of the extension.
“From this point forward, we expect more upside than down with respect to Iranian crude exports to Asia with the caveat that talks don’t collapse,” said James Davis, a consultant at Facts Global Energy.
“We see an extra 500,000 barrels per day (bpd) of crude production from Iran by end-2015 as very possible,” he said.
The four Asian buyers imported 1.2mln bpd in the first half of 2014, versus 961,236 bpd in the same period a year ago, according to official customs data and tanker arrival schedules.
China, Iran’s biggest customer, raised its imports by almost 50 percent in the first half, while India increased its purchases by a third.
Iran and six world powers agreed to extend nuclear talks by four months after they failed to reach a July 20 deadline for a permanent resolution. Under the interim agreement, Iran’s crude exports were supposed to be held just above 1 million bpd.
MA
Source Article from http://english.irib.ir/news/world/asia/item/193049-asian-buyers-take-25-percent-more-iran-oil-in-1st-half-of-2014
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