Baku, Azerbaijan, June 30
By Umid Niayesh - Trend:
Iran stood at the top of Turkey’s crude oil suppliers in April, supplying over 67.7 percent of the country’s oil demand.
Iran’s share from Turkey’s crude oil market in April 2018 surged to 999, 819.6 858,600 tons compared to 858 630.09 in March.
According to the latest report released by Turkey’s Energy Market Regulatory Body, the Islamic Republic exported 3.1 million tons of crude oil to Turkey in January-April 2018.
Iran was top crude oil exporter to the country in the 4-month period, providing about 55 percent of Turkey’s oil demand.
Turkey’s overall crude oil import amounted to 5.61 million tons in the same span of time.
After Iran Iraq (14.1 percent), Kuwait (9.5 percent), Saudi Arabia (9.4 percent) and Russia were other top crude oil exporters to Turkey in the first four months of 2018.
|
Country |
January |
February |
March |
April |
Total |
Share |
|
Russia |
193 309.99 |
79 480.29 |
- |
272 790.28 |
4.9 |
|
|
Iran |
575 456.16 |
643 294.80 |
858 630.09 |
999 819.581 |
3 077 200.64 |
54.9 |
|
Kuwait |
151 441.24 |
151 614.09 |
151 258.70 |
75 832.1 |
530 146.13 |
9.5 |
|
Saudi Arabia |
150 830.49 |
150 242.59 |
150 355.16 |
74 808.17 |
526 236.4 |
9.4 |
|
Iraq |
138 987.94 |
289 397.34 |
137 621.06 |
225 339.3 |
791 345.61 |
14.1 |
|
Kazakhistan |
53 305.27 |
40 000.00 |
44 681.83 |
137 987.10 |
2.5 |
|
|
Nigeria |
125 857.03 |
125 857.03 |
2.2 |
|||
|
Greece |
57 327.57 |
57 327.57 |
1.0 |
|||
|
Italy |
86 990.86 |
86 990.86 |
1.6 |
|||
|
Total |
1 476 178.98 |
1 314 029.11 |
1 337 865.01 |
5 605 881.62 |
100 |
Iran’s oil export amounted to 2.75 million barrels per day (mb/d) on average in the second calendar month (April 21- May 21), according to the data released by National Iranian Oil Company (NIOC).
The figure is below the exports in preceding month which hit 2.877 mb/d, a new record last one year.
Before it got hit with sanctions in 2012, Iran was exporting 2.5 mb/d of crude oil and gas condensate, of which 18 percent was supplied to the EU.
After 2012, the EU cut Iran oil purchase and Asian countries had to decrease Iranian oil import gradually, which led to a drop in export of Iranian oil and gas condensate to 1.2 mb/d in 2015.
After elimination of sanctions in 2016, based on nuclear agreement, Iran resumed its oil exports.
---
Follow the author on Twitter: @UmidNiayesh
