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Top 10 buyers of Iran’s oil

Iran produces about 3.5 million barrels a day of crude with another 500,000 bpd of condensate, exporting about 2.6 million bpd of which 50,000 bpd is refined products, the International
Energy Agency estimates.

January 2, 2012 3:37 by

OPEC’s second largest producer  Iran sells large volumes of oil to China, India, South Korea, Japan and Italy. But Turkey, South Africa and Sri Lanka rely most heavily on Iranian oil as a percentage of imports.

U.S. sanctions already forbid imports of Iranian oil. France is pressing the European Union to consider a ban on Iranian oil to discourage Tehran’s nuclear programme.

Iran produces about 3.5 million barrels a day of crude with another 500,000 bpd of condensate, exporting about 2.6 million bpd of which 50,000 bpd is refined products, the International

Energy Agency estimates.

The top ten buyers of Iranian crude are as follows. Data is for the second quarter 2011 from the IEA with the exception of China, India and Sri Lanka which are not IEA members. Data for

those countries is for first half 2011 from the U.S. Energy Information Administration.

Country          Imports k/bpd    Percent Imports

1. China         543,000          10

2. India         341,000          11

3. Japan         251,000          5.9

4. Italy         249,000          13.3

5. South Korea   239,000          7.4

6. Turkey        217,000          30.6

7. Spain         149,000          9.6

8. Greece        111,000          34.7

9. South Africa  98,000           25

10.France        78,000           4.4

In addition Sri Lanka imported 39,000 bpd in the first half of the year. It is completely reliant on  Iranian oil.

Iran holds around 137 billion barrels of proven oil reserves, or nearly 10 percent of the world total, according to the BP Statistical Review of World Energy 2011.     Despite sitting on the world’s second largest reserves of gas, Iran’s growing appetite for its own gas, combined with tightening international sanctions that have throttled its fledgling liquefied natural gas (LNG) programme, have made it a net gas importer for most of the last decade.            Natural gas accounts for 54 percent of Iran’s total domestic energy consumption, while most of the remainder of energy consumption is attributable to oil,  according to the EIA.

(Complied by Daniel Fineren and Emma Farge; editing by William


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  1. Dean on January 6, 2012 3:49 am

    This is a Zionists News outlet.

  2. Jin on January 6, 2012 8:15 am

    The West – United States, Britain, France taking orders from their Zionist masters – is trying so hard to provoke a war with Iran. Their imperial intention exposes their ugliness. War is hell. How many innocent lives will be lost? How many homes will be destroyed? How mich human suffering will be inflicted upon the people in the world? I am always amazed at the crimes this Global Zionist Criminal Network committed against humanity.

    Their EVIL is without bond.

  3. Red Mann on January 6, 2012 9:38 am

    The SS 22 Sunburn ramjet missile travels at mach 2.5, engages in violent end maneuvers so as to prevent last second acquisition, and has so much kinetic energy that with the 1000 lb conventional warhead, the blast would take out an entire aircraft carrier and set off massive secondary explosions as other munitions detonate. The missile also has the ability to differentiate between targets and can identify carriers. How would the U.S. replace a couple of carriers and their full compliment of aircraft? With money from China? The day will come when aircraft carriers wil be exposed as the ineffective and overpriced force projection platforms that they are. Experts have stated that aircraft carriers would be sitting ducks as these Russian missiles are two generations in front anything in the U.S. arsenal. Russia decided it was stupid to match the U.S. ship for ship and discovered it is better to just sink them with standoff weapons, soon we will find if their strategy is correct.

  4. EDWIN DOHERTY on January 6, 2012 12:49 pm



  5. Andrew on January 7, 2012 1:04 pm

    The first two comments are priceless, I actually spilled my drink laughing. I particularly liked the random capitalisation of “Global Zionist Criminal Network”, it almost sounds official – perhaps they need a website?

    Next you’ll be telling us the sun orbits the earth.


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