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Oil Flows in Persian Gulf
- By Oil and Gas Author
- Published 09/4/2006
- Crude Oil Petroleum , Natural Gas Petroleum , Exploration and Discoveries , Liquefied Natural Gas LNG , Offshore Drilling , Petroleum Pipeline
- Unrated
U.S. gross Oil imports from the Persian Gulf rose during 2003 to 2.5 million bbl/d (almost all of which was crude), from 2.3 million bbl/d in 2002. The vast majority of Persian Gulf oil imported by the United States came from Saudi Arabia (71%), with significant amounts also coming from Iraq (19%), Kuwait (9%), and small amounts (less than 1% total) from Qatar and the United Arab Emirates. Iraqi oil exports to the United States rose slightly in 2003, to 481,000 bbl/d, compared to 442,000 bbl/d in in 2002. Saudi exports rose from 1.55 million bbl/d in 2002 to 1.77 million bbl/d in 2003. Overall, the Persian Gulf accounted for about 22% of U.S. net oil imports, and 12% of U.S. oil demand, in 2003.
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