Taiwan’s Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions on Iran. Taiwan received 1.99 million barrels, or 66,381 b/d of Iranian crude oil in September — its third cargo so far this year, data released by the Bureau of Energy under the Ministry of Economic Affairs late Thursday showed. Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is likely to the be final cargo from Iran to Taiwan in 2018. In contrast, five VLCCs of Iranian crude were imported last year, totaling 9.95 million barrels, data from the bureau showed. The September cargo was loaded onboard the Herby and delivered to Mailiao on September 17, where privately owned Formosa Petrochemical Corp.’s refinery and petrochemical complex is located, S&P Global Platts trade […]