Iran Oil Exports - Naturally, oil and natural gas are Iran's most
important exports along with other exports including chemicals, plastics
and fruits. Iran mainly
exports to Taiwan, China, Turkey, South Korea and India. Iran's main imports
are machinery, cereals, iron and steel, and chemicals.
India and the EU are reducing their imports of
Iranian oil starting in 2018.
India is the 3rd largest importer country of
petroleum crude oil, after China and the United States of America. India’s
imports of crude oil amounted to USD 60869 million in 2016.
The country imports petroleum crude oil the
most from the following countries:
1.
Saudi Arabia: 19.9%
2.
Iraq: 16.2%
3.
Iran: 11%
4.
Nigeria: 10.9%
5.
United Arab Emirates:
9.3
6.
Venezuela: 8.3%
7.
Kuwait: 4.5%
8.
Qatar: 2.8%
9.
Malaysia: 2.8%
10.
Angola: 2.8%
11.
Mexico: 2.4%
12.
Brazil: 1.6%
13.
Egypt: 1%
Comments
China’s oil imports
will probably shift to Iran and could shift to Russia if needed. Other players
like Syria could join this group.
Norb Leahy, Dunwoody
GA Tea Party Leader
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