Who longs for Iranian oil? - 28 September 2015 - free no deposit forex bonus
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Main » 2015 » September » 28 » Who longs for Iranian oil?
09:58
Who longs for Iranian oil?
 
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The sanctions with Iran, most likely, will be lifted no earlier than next spring. But now on the market there are players who are waiting for Iranian oil with great anticipation - on materials AMarkets.

 

AMarkets

 

Lifting of sanctions on Iranian oil exports most of the region is waiting for South Africa. South Africa - number two economy-largest GDP in the African continent and the number one in terms of energy consumption. This is also the second largest refiner in Africa. Refining capacity - about 503 thousand. Barrels a day as of January 2015.


In 2014 South Africa imported about 425 thousand. Barrels of crude oil. Until 2011, Iran has been the largest supplier in South Africa - about 25% in the share of imports in the region. In 2012, Iran has "earned" sanctions.South Africa was forced to replace Iranian oil in the raw material from OPEC (Saudi Arabia, Angola and Nigeria).

Diagram - the structure of the South African imports: 

If Iran returns to the market, then quickly take back their share of 1 million barrels a day. This country is already the second day after the lifting of sanctions will increase the production of crude oil by 500 thousand. Barrels. Then the issue of raw materials will be raised at the same rate in the coming weeks. In July, Iran has extracted about 2.87 million barrels of oil.

 

 

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