* Asia's Iran crude liftings rise sharply in February
* U.S. may increase pressure on buyers to cut purchases
* Iran oil exports up steadily after landmark Nov. deal
(Adds comments from U.S. senators, background)
By Osamu Tsukimori
TOKYO, March 18 Iran exported oil at levels
higher than allowed under Western sanctions for a fourth
straight month in February with ship loading data obtained by
Reuters showing top clients again bought more than 1 million
barrels per day (bpd).
The rise in sales to Iran's main clients, mostly in Asia and
including Turkey, comes after a temporary agreement that eased
some of the sanctions aimed at undermining the OPEC member's
The deal between Iran and six world powers struck in
November, and implemented on Jan. 20, freed up $4.2 billion in
oil payments to Tehran in return for curbs on its nuclear
Under the deal, Iran's exports are held to an average of 1
million bpd for six months through late July.
In total, February crude loadings by Iran's top four buyers
- China, India, Japan and South Korea - rose to 1.16 million bpd
versus 994,669 bpd lifted in January, according to a loading
plan seen by Reuters.
Adding in oil lifted by Turkey - which came in at 105,824
bpd in January and 117,857 bpd in February - Tehran's exports
have busted the sanctions limits at least since November.
The loading volumes exclude condensate, a light oil, that
Iran exports to China and others.
Ever since the 2012 sanctions were imposed and slashed
Iran's oil exports by more than half, five buyers - China,
India, South Korea, Japan and Turkey - have bought nearly all of
Iranian crude exports.
U.S. senators have written to President Barack Obama, saying
they believe Iran should not be allowed to circumvent sanctions
as world powers work on a final agreement on the nuclear
"Iran cannot be allowed to be open for business," 83
senators wrote in the letter. "We view this period as one
fraught with the danger of companies and countries looking to
improve their commercial position in Tehran."
The Obama administration believes Iran's exports will fall
in coming months and exports through late July will average 1
million bpd. To make that happen, Washington could put more
pressure on Iranian crude buyers to slash purchases.
The intake of Iranian oil by Asian buyers alone has topped
960,000 bpd since November, government and industry data has
shown, and adding in an average 100,000 bpd of crude for Turkey,
the exports have breached 1 million bpd at least since then.
With January and February loadings - for February and March
arrivals - also holding above 1 million bpd, according to the
document seen by Reuters this week, exports look set to breach
the cap for the first quarter of the year, allowing up to three
weeks for shipments to China, Japan and South Korea.
China lifted 502,500 bpd in February, again taking its
purchases back to pre-sanctions levels. The nation's refiners
received 564,536 bpd in January.
In comparison, China imported 428,840 bpd of Iranian oil for
all of 2013, according to customs data. China's February import
numbers are not due out until later this week.
China's total oil imports from Iran may rise in 2014 as
state-run trader Zhuhai Zhenrong Corp is negotiating a new
condensate contract, Reuters has reported.
India lifted 304,286 bpd of crude in February, according to
the loading data. Iran's second-biggest client imported 412,000
bpd in January and averaged 195,600 bpd in arrivals in 2013.
Government sources in India have said refiners must cut
their Iranian oil imports by nearly two-thirds from the first
quarter after the United States asked it to hold the shipments
at end-2013 levels.
South Korea loaded 214,286 bpd in February, mostly for March
arrival dates. February arrivals from Iran, meanwhile, doubled
from a year earlier as refiners hiked purchases ahead of
maintenance shutdowns starting from March.
Japan loaded 140,000 bpd in February, according to the
program seen by Reuters. It purchased 210,517 bpd from Iran in
January and reduced imports by 6.4 percent to 177,414 bpd in
2013, marking its lowest daily crude imports from Iran in more
than 30 years.
Japan's February import numbers are due later this month.
(Additional reporting by Aizhu Chen in Beijing, Meeyoung Cho in
Seoul and Timothy Gardner in Washington; Writing by Manash
Goswami; Editing by Tom Hogue and Peter Galloway)