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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" Jan 25 (Reuters) – OPEC’s second largest producer, Iran, sells large volumes of oil to China, India, South Korea, Japan and Italy. But Greece, Turkey, South Africa and Sri Lanka rely most heavily on Iranian oil as a percentage of imports. EU figures show imports of Iranian crude were up more than 7 percent in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7380","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7380"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7380\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Jan 25 (Reuters) - OPEC's second largest producer,\nIran, sells large volumes of oil to China, India, South Korea,\nJapan and Italy. But Greece, Turkey, South Africa and Sri Lanka\nrely most heavily on Iranian oil as a percentage of imports.\t\n EU figures show imports of Iranian crude were up more than 7\npercent in the third quarter of 2011 compared to the second\nquarter. The EU says it imported about 700,000 bpd of Iranian\ncrude oil in the third quarter of 2011, compared to about\n655,000 bpd in the second quarter.\t\n The European Union agreed on Jan. 23 to ban Iranian oil\nimports, but the embargo will not be fully implemented until\nJuly 1, to avoid harming economies to whom Iran has been a major\nsupplier. \t\n The EU move follows new financial sanctions signed into law\nby U.S. President Barack Obama on Dec. 31, which aim to make it\ndifficult for countries to buy Iranian oil in an attempt to\ndiscourage Tehran's nuclear programme.\t\n Iran produces about 3.5 million barrels per day (bpd) of\ncrude with another 500,000 bpd of condensate - light\nhydrocarbon liquids. Iran exports about 2.6 million bpd, of\nwhich about 50,000 bpd is refined products, the International\nEnergy Agency (IEA) estimates.\t\n The top 10 buyers of Iranian crude last year were as\nfollows. Figures for EU countries are from the bloc's Eurostat\noffice and are for the third quarter. Figures for\nother OECD countries are from the IEA and for the second\nquarter. Figures for China, India and South Africa are for the\nfirst half of 2011 from the U.S. Energy Information\nAdministration (EIA).\t\n \t\n Country Imports bpd Percent Imports\n 1. China 543,000 10\n 2. India 341,000 11 \n 3. Japan 251,000 5.9 \n 4. Italy 204,000 13.2\n 5. South Korea 239,000 7.4\n 6. Turkey 217,000 30.6\n 7. Spain 170,000 16.2\n 8. Greece 158,000 53.1\n 9. S.Africa 98,000 25\n 10.France 75,000 6.0\n \t\n Sri Lanka imported 39,000 bpd in the first half of the year,\nIEA data shows. It is completely reliant on Iranian oil.\t\n Iran holds around 137 billion barrels of proven oil\nreserves, or nearly 10 percent of the world total, according to\nthe BP Statistical Review of World Energy 2011.\n Despite sitting on the world's second largest reserves of\nnatural gas, Iran's growing appetite for its own gas, combined\nwith tightening international sanctions that have throttled its\nfledgling liquefied natural gas (LNG) programme, have made it a\nnet gas importer for most of the last decade.\t\n Natural gas accounts for 54 percent of Iran's total domestic\nenergy consumption, while most of the remainder of energy\nconsumption is attributable to oil, according to the EIA.\t\n\t\n (Compiled by Christopher Johnson and Yeganeh Torbati; Editing\nby William Hardy)<\/pre>\n