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net exporterBetter known for LNG; its crude and condensate go mostly to East Asia.
How much oil?
Produces 600 thousand barrels a day. Uses 41% at home and sells 500 thousand (59%) abroad – one supertanker every 4 days.
Where does it go?
| Buyer | share | thousand b/d |
|---|---|---|
| China | 41% | 204 |
| South Korea | 28% | 138 |
| Japan | 19% | 94 |
| other destinations (not on the map) | 13% | 64 |
Which way?
- Strait of Hormuz87% of exports · 436
- Strait of Malacca87% of exports · 436
Real risk: Strait of Hormuz – 87% of exports this way. Iran has repeatedly threatened to close the strait; tankers were attacked in 2019 and 2024.
Main terminal: Mesaieed