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The Kirkuk–Ceyhan oil pipeline has a capacity of 1.6 million barrels a day (mbd). Russian and Caspian oil is transported by ship through the Bosporus. [38] In 2005, an oil-spill response law was passed in Turkey, [39] and in 2022, oil-tanker insurance was made compulsory. [40] As well as drillships, there are two seismic ships. [41]
Trends in the top five crude oil-importing countries, 1960–2012. This is a list of countries by oil imports based on The World Factbook and other sources. [1] Many countries also export oil, and some export more oil than they import.
[2] [3] [4] In 2004, Iran produced 5.1 percent of the world's total crude oil (3.9 million barrels (620,000 m 3; 160 million US gal) per day), which generated revenues of US$25 billion to US$30 billion and was the country's primary source of foreign currency.
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Oil snapped a five-day winning streak on Tuesday as the recent rally stemming from the Middle East conflict took a pause and China signaled no additional big stimulus. West Texas Intermediate ( CL ...
Top 5 oil-producing countries 1980–2022 World oil production This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
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In 2009, Iraq's crude oil production averaged 2.4 million barrels per day (mbd), about the same as 2008 levels, and below its pre-war production capacity level of 2.8 million mbd After the end of the US invasion the production increased on a high level, even though a new invasion from the so-called ISIL started. Production in March 2016 stood ...