South Korea
net importerHow much oil?
Imports 2.8 million barrels of crude a day – one supertanker a day. There is practically no domestic production; crude imports cover 96% of fuel consumption, the rest is refined products and biofuels.
Where does it come from?
| Supplier | share | thousand b/d |
|---|---|---|
| Saudi Arabia | 35% | 960 |
| USA | 16% | 432 |
| UAE | 14% | 373 |
| Iraq | 10% | 279 |
| Kuwait | 8% | 230 |
| Qatar | 5% | 138 |
| Brazil | 2% | 66 |
| other sources (not on the map) | 10% | 282 |
Which way?
- Strait of Malacca72% of imports · 1,980
- Strait of Hormuz58% of imports · 1,607
- Cape of Good Hope18% of imports · 498
Real risk: Strait of Malacca – 72% of imports this way. The world's busiest shipping lane, narrow and shallow – risk of collisions, piracy and blockade in a South China Sea conflict.
Main port: Ulsan