healthmyths
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- Sep 19, 2011
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Iran shipped around 777 million barrels of crude oil and 180 million barrels of condensate last year, averaging 2.62 million barrels a day, Oil Ministry's news portal Shana reported on Monday.
The bulk of shipments (62%) were sent to customers in Asia while Europe accounted for 38% of exports.
The largest intake came from China, the world's top oil buyer and energy consumer, followed by India, South Korea and Japan.
The country's oil revenues would stand at around $48 billion with $50-per-barrel crude. Iran made $95 billion and $69 billion from crude exports in 2011 and 2012 respectively, according to the US Energy Information Association.
The reports named Turkey, Italy, Britain, Hungary and the Netherlands as some of the European clients of Iran's crude.
Until two years ago, Iran was shut out of the European energy market and its oil trade was limited to a handful of Asian buyers that took in just around 1 million barrels a day under temporary waivers.
But the lifting of sanctions in January 2016 helped Iran to resume oil sales to major customers in Europe, including Italy's Saras and Eni, Greek refiner Hellenic Petroleum, Madrid-based Repsol, Royal Dutch Shell and French energy giant Total that holds a stake in an ambitious offshore Iranian gas venture.
Crude prices crashed from over $100 a barrel in mid-2014 to less than $30 a barrel in early 2016, prompting OPEC and non-OPEC producers to form an alliance to cut back on output.
Iran's Oil Exports Near 1 Billion Barrels in 2017
The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8 million barrels per day (bdp), three times the current Iranian crude and condensate exports, the managing director of the Iranian Oil Terminals Company (IOTC) said over the weekend
Iran is boosting its oil production
If Israel destroys Kharg a lot of consequences will occur.
A) Asia(China),Turkey, Italy, Britain, Hungary and the Netherlands as some of the European clients of Iran's crude.
What will they do? Support Iran or Israel?
B) Oil demand from the USA will drive gas prices up.
This may be the future for the USA...
The bulk of shipments (62%) were sent to customers in Asia while Europe accounted for 38% of exports.
The largest intake came from China, the world's top oil buyer and energy consumer, followed by India, South Korea and Japan.
The country's oil revenues would stand at around $48 billion with $50-per-barrel crude. Iran made $95 billion and $69 billion from crude exports in 2011 and 2012 respectively, according to the US Energy Information Association.
The reports named Turkey, Italy, Britain, Hungary and the Netherlands as some of the European clients of Iran's crude.
Until two years ago, Iran was shut out of the European energy market and its oil trade was limited to a handful of Asian buyers that took in just around 1 million barrels a day under temporary waivers.
But the lifting of sanctions in January 2016 helped Iran to resume oil sales to major customers in Europe, including Italy's Saras and Eni, Greek refiner Hellenic Petroleum, Madrid-based Repsol, Royal Dutch Shell and French energy giant Total that holds a stake in an ambitious offshore Iranian gas venture.
Crude prices crashed from over $100 a barrel in mid-2014 to less than $30 a barrel in early 2016, prompting OPEC and non-OPEC producers to form an alliance to cut back on output.
Iran's Oil Exports Near 1 Billion Barrels in 2017
The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8 million barrels per day (bdp), three times the current Iranian crude and condensate exports, the managing director of the Iranian Oil Terminals Company (IOTC) said over the weekend
Iran is boosting its oil production
If Israel destroys Kharg a lot of consequences will occur.
A) Asia(China),Turkey, Italy, Britain, Hungary and the Netherlands as some of the European clients of Iran's crude.
What will they do? Support Iran or Israel?
B) Oil demand from the USA will drive gas prices up.
This may be the future for the USA...