China has no plan to cut oil imports from Iran

China says it has no plan to decrease its oil imports from Iran -- the world's fifth largest crude exporter.

Wang Tianpu, president of top refiner Sinopec Corp, says China's oil imports from Iran will remain at the current level of around 400,000 barrels per day (bpd).

The comment came as China announced that it will increase its oil imports from Saudi Arabia by about 12 percent from this year to top one million barrels a day.

"We have to secure other supplies as the OPEC cuts may affect grades that our plants really need," Reuters quoted a Sinopec trader as saying.

Iran is the No.3 oil supplier of China, ­­­­­­the world's No.2 oil user.

Chinese oil companies are also set to secure next year's supplies with other leading exporters in the Middle East and Africa.