How much oil does Singapore import?

How much crude oil does Singapore import?

In 2019, the imports of crude oil amounted to approximately 54 thousand metric kilotons of oil equivalent.

Does Singapore import oil?

Singapore has no hydrocarbon resources and imports crude oil for its refining and petrochemical industries. Over two-thirds of Singapore’s crude oil imports come from the United Arab Emirates, Qatar, Saudi Arabia, and Kuwait.

Does Singapore export oil?

The petroleum and oil industry in Singapore is accountable for part of the country’s economy, exporting about 68,100,000 tonnes (67,000,000 long tons; 75,100,000 short tons) of oil (as of 2007). Singapore is dubbed “the undisputed oil hub in Asia.”

Why does Singapore use so much oil?

The country uses the highest proportion of oil in the world relative to total energy supply, as oil makes up 73% of Singapore’s supply. It is home to major oil companies such as Exxon Mobil, due to its ideal trading location and perceived safe environment.

Does Singapore import its energy?

Currently, more than 95 per cent of Singapore’s electricity is generated from natural gas – the cleanest form of fossil fuel. This fuel is imported into Singapore through pipes from its neighbours or in liquefied form from all over the world.

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How much gas does Singapore import?

In 2019, the imports of natural gas amounted to approximately about ten thousand metric kilotons of oil equivalent. The amount of natural gas imported in Singapore increased over the period between 2005 to 2019.

Imports of natural gas in Singapore from 2005 to 2019 (in ktoe*)

Characteristic Imports in ktoe

How much of Singapore’s energy is imported?

Imports & Exports of Energy Products

In 2020, Singapore imported 151.2 Mtoe of energy products, 8.2% lower than the preceding year. This was primarily due to lower imports of Petroleum Products and Crude Oil. The majority of Singapore’s energy imports continued to be in the form of Petroleum Products (62.0%).

Which country is Singapore’s largest trading partner?

Top 10 Singapore’s major trading partners

  • China: US$51.5 billion (13.8%)
  • Hong Kong: $46.2 billion (12.4%)
  • United States: $40.2 billion (10.7%)
  • Malaysia: $33.3 billion (8.9%)
  • Indonesia: $21.5 billion (5.7%)
  • Taiwan: $18.3 billion (4.9%)
  • Japan: $17.9 billion (4.8%)
  • South Korea: $16.8 billion (4.5%)

Does Singapore refine oil?

Singapore has a total crude oil refining capacity of 1.5 million barrels per day (bbl/d). Its three main refineries are ExxonMobil’s 605,000-bbl/d refinery at Pulau Ayer Chawan, Royal Dutch/Shell’s 500,000-bbl/d refinery on Pulau Bukom and the Singapore Refining Company’s 290,000-bbl/d refinery on Pulau Merlimau.