Iran’s crude oil export to Japan increases by 180%
Baku, Azerbaijan, Nov. 5
By Fatih Karimov – Trend
Iran’s crude oil export to Japan increased by 179.8 percent in September and reached 1.492 million barrels.
The figure indicates a rise by 128.5 percent compared to the preceding month, Japan’s ministry of economy, trade and industry reported.
On a daily basis, Iran’s crude oil export to the Asian country stood at 334,000 barrels per day in Sept. 2016 compared to 185,000 barrels per day in Sept. 2015.
Tehran was Japan’s fourth crude oil supplier after Saudi Arabia, the UAE and Qatar with a share of 9.7 percent.
Saudi Arabia exported 4.906 million barrels of crude oil to Japan in Sept. 2016, or 31.8 percent share of the country’s total crude oil imports.
According to the latest statistics, destination of 63 percent of Iran's oil is Asian states, which are the big hub for oil consumption in the world.
During sanctions, Iran could sell maximum one million barrels a day to its customers, but now it allocated more than 2.5 million bpd crude oil for export and the Asian countries are still major customers.