Baku, Azerbaijan, Aug. 6
By Umid Niayesh - Trend:
Iran stood at the top of Turkey’s crude oil suppliers in May, supplying over 51.7 percent of the country’s oil demand.
Iran’s share from Turkey’s crude oil market in May 2018 surged to 930,978.4 tons compared to 999,819.6 tons in April.
According to the latest report released by Turkey’s Energy Market Regulatory Body, the Islamic Republic exported 4 million tons of crude oil to Turkey in January-May 2018.
Iran was top crude oil exporter to the country in the 5-month period, providing about 54 percent of Turkey’s oil demand.
Turkey’s overall crude oil import amounted to 7.4 million tons in the same span of time.
After Iran, Iraq (15.4 percent), Saudi Arabia (9.9 percent), Kuwait (9.1 percent) and Kazakhstan were other top crude oil exporters to Turkey in the first five months of 2018.
|
January |
February |
March |
April |
May |
Total |
Share |
|
|
Russia |
193 309.99 |
79 480.29 |
- |
272 790,28 |
3.7 |
||
|
Iran |
575 456.16 |
643 294.80 |
858 630.09 |
999 819.6 |
930 978.40 |
4 008 179.04 |
54.1 |
|
Kuwait |
151 441.24 |
151 614.09 |
151 258.70 |
75 832.1 |
144 260.67 |
674 406.80 |
9.1 |
|
Saudi Arabia |
150 830.49 |
150 242.59 |
150 355.16 |
74 808.17 |
210 131.59 |
736 368.00 |
9.9 |
|
Iraq |
138 987.94 |
289 397.34 |
137 621.06 |
225 339.3 |
352 778.29 |
1 144 123.9 |
15.4 |
|
Kazakhstan |
53 305.27 |
40 000 |
44 681.83 |
164 193.73 |
302 180.83 |
4.1 |
|
|
Nigeria |
125 857.03 |
125 857.03 |
1.7 |
||||
|
Greece |
57 327.57 |
57 327.57 |
0.8 |
||||
|
Italy |
86 990.86 |
86 990.86 |
1.6 |
||||
|
Total |
1 476 178.98 |
1 314 029.11 |
1 337 865 |
1 802 342.7 |
7 408 224.3 |
100 |
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.