Bitumen supplier Kenya
Kenya is one of the major importers of bitumen and other petrochemical products in the world.
Bitumen supplier Kenya is mainly Iran, since it is a dominant petrochemical supplier and exporter in the world.
Other countries also are bitumen supplier , but they are few.
Iran, as one of the main bitumen supplier , supplies a high volume of various bitumen grades and other petrochemical
products to Kenya and other countries in the world.
According to the latest US government figures, the Middle East oil production reached 2.8 million
barrels per day in December 2017, down 100,000 barrels a day from November, when Washington imposed
sanctions on Asian countries’ oil exports. The US Energy Information Administration
announced in a report that Middle East oil production had fallen by more than 1 million barrels per day since May 2018,
and the agency expects sanctions against oil exports until the end of the forecasted period.
All these affected the countries which were bitumen supplier Kenya and their export volume.
Customers’ reaction to the confinements on the bitumen supplier Kenya
According to the report, Kenya oil imports from middle east bitumen supplier are expected to recover in February 2020 after falling to a two-month low due to lower Chinese and Indian purchases and a halt in Japanese imports.
Official and commercial statistics show that four major importers of bitumen supplier , including China, India, Japan, and South Korea, imported a total of 710,699 barrels per day in January, Reuters reported.
South Korea’s reaction to the limitations on the bitumen supplier Kenya
South Korea also resumed imports of Middle East bitumen in Kenya in January after a four-month gap,
but the Korean National Petroleum Corporation’s statistics show that imports fell 75 percent from a year earlier.
It is the third-largest buyer of Middle East bitumen supplier in Asia. One of the largest Asian customers of bitumen supplier , imported 227,941 tons or 53,676 barrels per day in January 2019, compared to 950,131 tons in January 2018.
India’s reaction to the limitations on the bitumen supplier Kenya
India also limited its purchase of the Middle East suppliers in January to 270,500 barrels per day,
which was below 300,000 barrels per day, which could be exempted from US sanctions.
In short, Kenya is one of the largest consumer and importer of various types of bitumen and other petrochemical products.
Some countries are supplier in Kenya, one of which is Iran that is a rich source of oil and bitumen in the world.
Affected by the sanctions, Iran and some other countries in the Middle East,
decreased their exports temporarily for a while in 2017-2018, but the situation came back to the normal and exports raised notably in the 2019-2020.