Oil Exports

Update Feb 2013

4/2/2013
Shrinking crude oil exports – a tough game for oil importers
http://crudeoilpeak.info/shrinking-crude-oil-exports-a-tough-game-for-oil-importers

Latest EIA export data only available until 2010

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Update 17/4/2011

Global crude oil exports peaked in 2005

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AFRICA

SAUDI ARABIA

Saudi Aramco’s crude oil exports have peaked in 2005 at 2,622 million barrels and declined by 21.4% to 2,061 mb in 2009. Refined products and natural gas liquids (NGL) exports have also peaked in 2005 and then declined by 25.8 % and 4.1% respectively. Most of the decline happened between 2008 and 2009. More details can be found in this post:

31/7/2010
Saudi Aramco’s crude oil exports peaked in 2005
http://www.crudeoilpeak.com/?p=1738

IRAN

The IEA Medium Term Oil Market Report 2010

http://www.iea.org/publications/freepublications/publication/mtogm2010.pdf

estimates that Iran’s oil production capacity will decline by around 700 Kb/d by 2015. On the basis of current production levels,  domestic oil consumption continuing to grow as in the past (young population 67 million) and all other factors being equal (e.g. exchange rate and economic growth)  this means Iran’s oil exports will be half by 2015. More details are in this post:

3/7/2010
Iran needs $130 oil to balance budget
IEA: Iran’s crude oil production to decline by 700 Kb/d by 2015
http://crudeoilpeak.info/iran-crude-oil-production-to-decline-by-700-kbd-by-2015-budget-neutral-oil-price-130

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