 | Glossary |
Persian Gulf Region
| Oil Exports | |
| The U.S. received about 18 percent of its net oil liquids imports in 2006 from the Persian Gulf region. |
U.S.
gross oil imports (mostly crude) from the
Persian Gulf
averaged
to 2.2 million bbl/d
during 2006. The majority of Persian Gulf oil and petroleum products imported by the United States came from Saudi Arabia (66 percent), with significant amounts also coming from Iraq (25 percent), Kuwait (8 percent), and small amounts (less than 1 percent total) from Qatar and the United Arab Emirates. Iraqi total liquids exports to the
United States
reached
553,000 bbl/d
in 2006. Saudi exports fell
from 1.54 million bbl/d
in 2005 to 1.46 million bbl/d in 2006. Overall, the Persian Gulf accounted for about 18 percent of
U.S.
net
oil imports and approximately 11 percent of
U.S.
oil demand in 2006.
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Western Europe (defined as European countries belonging to the Organization for Economic Cooperation and Development - OECD) averaged 2.8 million bbl/d of oil imports from the
Persian Gulf
during 2006, a decrease of less than 0.1 million bbl/d from 2005. The largest share of Persian Gulf oil exports to Western Europe came from
Saudi Arabia
(44 percent), with significant amounts also coming from
Iran
(33 percent),
Iraq
(13 percent), and
Kuwait
(7 percent).
Japan
averaged
4.4 million bbl/d of net oil imports from the
Persian Gulf
during 2006.
Japan
's dependence on the
Persian Gulf
for its oil supplies increased sharply since the low point of 57 percent in 1988 to a high of 83 percent in 2006. About 35 percent of
Japan
's Persian Gulf imports in 2006 came from
Saudi Arabia
, 29 percent from the
United Arab Emirates
, 12 percent from
Iran
, 12 percent from
Qatar
, 10 percent from
Kuwait
, and over 1 percent from
Bahrain
and
Iraq
combined.
Japan
's oil imports from the
Persian Gulf
as a percentage of demand continued to rise to new highs, reaching 80 percent in 2006.
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