* China crude imports from Iran hit 558,865 bpd in July
* China Jan-July imports from Iran at 617,670 bpd, up 47 pct
(Adds detail on imports and background)
By Adam Rose
BEIJING, Aug 21 China's crude imports from Iran
expanded 40.6 percent in July from a year ago, customs data
showed on Thursday, as Tehran's largest oil client stayed with
the elevated shipment levels that began late last year.
China began stepping up purchases from the OPEC member after
a preliminary nuclear deal in November of last year eased some
sanctions on Iran. China has been making up the main portion of
Asia's higher Iranian oil imports since then.
Top state refiner Sinopec Corp has been
lifting more Iranian oil this year partly because it is cheaper
versus similar grades from Saudi Arabia, industry officials have
Higher imports of condensate, a light crude oil from Iran's
South Pars gas project, have also contributed to strong intake
figures. China counts condensate as crude oil.
Iran has started taking action to comply with the terms of
an extended agreement with six world powers over its disputed
atomic activities, a U.N. nuclear watchdog report obtained by
Reuters on Wednesday showed.
The findings by the International Atomic Energy Agency may
be seen as positive by the West ahead of the expected resumption
next month of negotiations on ending the decade-old nuclear
China's July imports from Iran came in at 2.37 million
tonnes, or 558,865 barrels per day (bpd), rising 5 percent from
531,200 bpd in June, official customs data showed on Thursday.
Imports from Iran over January-July were 617,670 bpd, up 47
percent compared with 420,263 bpd a year ago.
China's imports from Iran spiked to a record in April and
remained high in May. July's figures are on par with other
months since last December, still near the pre-2012 levels seen
before tougher Western sanctions were imposed.
Iran's overall crude oil exports dropped in July for the
second month in a row after a spike in May, yet sales were still
slightly above the 1 million bpd allowed by the November deal
aimed at curbing Tehran's nuclear programme, according to
sources who track tanker movements.
Iran ranks No.3 among China's top suppliers, according to
customs, with growth in the January-July period the fastest
among China's top suppliers, outpacing that of Iraq, Oman,
Angola, Russia and Saudi Arabia.
(Editing by Tom Hogue)