FACTBOX-Top importers of Iranian crude oil

Mon Feb 6, 2012 2:42pm GMT
 

Feb 6 (Reuters) - OPEC's second largest producer,
Iran, sells large volumes of oil to China, India, South Korea,
Japan and Italy. But Greece, Turkey, South Africa and Sri Lanka
rely most heavily on Iranian oil as a percentage of their
imports.	
    EU figures show imports of Iranian crude were up about 7
percent in the third quarter of 2011 compared to the second
quarter. The EU says it imported about 700,000 barrels per day
(bpd) of Iranian crude oil in the third quarter of 2011,
compared to about 655,000 bpd in the second quarter.	
    The EU agreed on Jan. 23 to ban Iranian oil imports, but the
embargo will not be fully implemented until July 1, to avoid
harming economies to whom Iran has been a major supplier.
 	
    Iran responded with conflicting signals, vowing to stop oil
exports to "some" countries but stopping short of an immediate
halt to crude sales to the European Union, a move some Iranian
officials suggested as retaliation for the embargo.
 	
    Iran produces about 3.5 million bpd of crude with another
500,000 bpd of condensate - light hydrocarbon liquids.
Iran exports about 2.6 million bpd, of which about 50,000 bpd is
refined products, the International Energy Agency (IEA)
estimates.	
    The top 10 buyers of Iranian crude last year were as
follows. Figures for EU countries are from the bloc's Eurostat
office and are for the third quarter. Figures for
other OECD countries are from the IEA and for the second
quarter. Figures for China, India and South Africa are for the
first half of 2011 from the U.S. Energy Information
Administration (EIA). Figures for South Korea are for all of
2011 and are from the Korea National Oil Corporation.	
    	
 Country          Imports bpd      Percent Imports
 1. China         543,000          10
 2. India         341,000          11 
 3. Japan         251,000          5.9 
 4. South Korea   239,000          9.4
 5. Turkey        217,000          30.6
 6. Italy         204,000          13.2
 7. Spain         170,000          16.2
 8. Greece        158,000          53.1
 9. S.Africa      98,000           25
 10.France        75,000           6.0
 	
    Eight European Union countries imported Iranian crude oil in
the third quarter of 2011, Eurostat figures show. Former buyers
of Iranian crude, including the U.K., Austria, Poland, and
Portugal, cut their imports to zero in the third quarter.	
    	
 Country             Imports bpd   Percent Imports
 1. Italy            204,000       13.2
 2. Spain            170,000       16.2
 3. Greece           158,000       53.1
 4. France           75,000        6.0
 5. Belgium          71,000        11.6
 6. Netherlands      15,000        1.5
 7. Germany          8,000         0.4
 8. Czech Republic   1,800         1.4
  	
    Sri Lanka imported 39,000 bpd in the first half of the year,
IEA data shows. 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.	
	
 (Compiled by Yeganeh Torbati and Christopher Johnson)

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