Baku, Azerbaijan, Oct. 9
By Fatih Karimov– Trend:
Iran’s oil exports to Japan (including gas condensates) have decreased by 54.4 percent in August 2017 and reached 3.332 million barrels, the lowest since April.
The figure indicates a fall by 35.9 percent compared to the preceding month, Japan’s ministry of economy, trade and industry said.
The figure includes 513,487.6 barrels of condensates exported from Iran’s South Pars gas field.
Iran was Japan’s sixth oil supplier after Saudi Arabia, the UAE, Kuwait, Qatar and Russia, with a share of 3.3 percent in August 2017, meanwhile the country supplied 7.3 percent of the Asian country’s oil demand in August 2016 (7.3 million barrels).
Saudi Arabia exported 41.942 million barrels of oil to Japan in August (42.2 percent share of the country’s total crude oil imports.
Iran’s oil exports to Japan reached 83.94 million barrels in the fiscal year of 2016, which is a 38-percent increase, compared to the preceding year.
Iran supplied 7 percent of Japan’s oil demand in 2016.
Iran’s oil exports increased by 1 mb/d last year to 2.42 mb/d and the figure would increase to 2.5 mb/d in 2017 and 2.59 mb/d in 2018, IMF previously said in a report.
Iran’s crude oil and condensate exports amounted for 2.6 million barrels per day (mbpd) in September 2017, the country’s oil ministry said recently. The country exported 2.25 mbpd of oil to Asian and European markets in the mentioned period.