Here are some facts about China & Iran oil trade. All the information is from Us Energy Information Administration web site.
- Iran crude oil production in 2009 was 3.8 million barrel per day.
- In 2008 Iran exported about 2.6 million barrels of crude oil per day.
- In 2009 China imported 544,000 barrels of oils per day from Iran up from 430,000 barrel per day in 2008 (a 25% increase).
- The export to China was about 16.5% of Iran’s oil export in 2008. Assuming the Iran’s total export did not change in 2009 the share of export to China out of total Iran’s export jumped to about 21% in 2009.
- China imports about 3.9 million barrel of its daily 7.8 million barrel consumption. Thus China’ import from Iran constitutes about 14% of its total crude oil import.
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