Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    ‘Audiences told us we didn’t show enough teacher sex’: how we made Waterloo Road | Culture

    Which Countries Depend the Most on Persian Gulf Oil and Gas

    Eight US states ask judge to temporarily stop $3.5bn Nexstar and Tegna merger | US television industry

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) YouTube LinkedIn
    Naija Global News |
    Monday, March 23
    • Business
    • Health
    • Politics
    • Science
    • Sports
    • Education
    • Social Issues
    • Technology
    • More
      • Crime & Justice
      • Environment
      • Entertainment
    Naija Global News |
    You are at:Home»Business»Which Countries Depend the Most on Persian Gulf Oil and Gas
    Business

    Which Countries Depend the Most on Persian Gulf Oil and Gas

    onlyplanz_80y6mtBy onlyplanz_80y6mtMarch 23, 20260014 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Which Countries Depend the Most on Persian Gulf Oil and Gas
    Share
    Facebook Twitter LinkedIn Pinterest Email

    As the war in the Middle East halts most of the oil and gas trade from the region, countries thousands of miles away are feeling the pain of their energy supplies suddenly vanishing. Some are feeling the loss more acutely than others.

    Asian countries are the biggest buyers of Persian Gulf energy

    • Pakistan

      Share of energy imports
      from Gulf Countries

      Share of energy imports from Gulf Countries

      81%

      Total energy
      imports in 2024

      Total energy imports in 2024

      $17 bil.

    • Japan

      Share of energy imports from Gulf Countries

      57%

      Total energy imports in 2024

      $139 bil.

    • Thailand

      Share of energy imports from Gulf Countries

      56%

      Total energy imports in 2024

      $43 bil.

    • South Korea

      Share of energy imports from Gulf Countries

      55%

      Total energy imports in 2024

      $144 bil.

    • India

      Share of energy imports from Gulf Countries

      50%

      Total energy imports in 2024

      $180 bil.

    • Maldives

      Share of energy imports from Gulf Countries

      42%

      Total energy imports in 2024

      $774.1 mil.

    • Taiwan

      Share of energy imports from Gulf Countries

      40%

      Total energy imports in 2024

      $47 bil.

    • China

      Share of energy imports from Gulf Countries

      35%

      Total energy imports in 2024

      $413 bil.

    • Sri Lanka

      Share of energy imports from Gulf Countries

      33%

      Total energy imports in 2024

      $4 bil.

    • Malaysia

      Share of energy imports from Gulf Countries

      29%

      Total energy imports in 2024

      $44 bil.

    • Singapore

      Share of energy imports from Gulf Countries

      27%

      Total energy imports in 2024

      $86 bil.

    • Philippines

      Share of energy imports from Gulf Countries

      26%

      Total energy imports in 2024

      $16 bil.

    • Israel

      Share of energy imports from Gulf Countries

      19%

      Total energy imports in 2024

      $3 bil.

    • Brunei

      Share of energy imports from Gulf Countries

      16%

      Total energy imports in 2024

      $5 bil.

    • Myanmar

      Share of energy imports from Gulf Countries

      16%

      Total energy imports in 2024

      $5 bil.

    • Indonesia

      Share of energy imports from Gulf Countries

      15%

      Total energy imports in 2024

      $35 bil.

    • Armenia

      Share of energy imports from Gulf Countries

      10%

      Total energy imports in 2024

      $535.9 mil.

    • Turkey

      Share of energy imports from Gulf Countries

      7%

      Total energy imports in 2024

      $26 bil.

    • Hong Kong

      Share of energy imports from Gulf Countries

      5%

      Total energy imports in 2024

      $12 bil.

    • Uzbekistan

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $2 bil.

    • Kazakhstan

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $628 mil.

    • Yemen

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $23.5 mil.

    • Azerbaijan

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $2 bil.

    • Kyrgyzstan

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $1 bil.

    • Jordan

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $641 mil.

    • Cambodia

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $3 bil.

    • Syria

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $131.2 mil.

    • Bangladesh

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $7 bil.

    Note: Only countries with energy imports from Gulf countries are shown.

    In 2024, nearly 21 million barrels of oil a day crossed through the Strait of Hormuz, the narrow passageway connecting the Persian Gulf to the world. Four-fifths of that supply went to Asia.

    China has long been the biggest purchaser of oil and gas from Persian Gulf nations. And with more than a third of its total supply coming from the region, the disruption is significant for Beijing. But other countries are almost entirely reliant on the region for their energy needs.

    Pakistan has considered imposing a four-day workweek, and remote school and work, in order to preserve energy stockpiles. A state-led fund in Thailand, to subsidize the cost of fuel when prices surge, plunged into a deficit this month.

    In India, where the economy depends on the Middle East for roughly 40 percent of the country’s oil imports and 80 percent of its gas, a shortage of cooking gas is squeezing households. And across Asia, fliers are being stranded because airlines running low on jet fuel have canceled thousands of flights.

    Europe has been more insulated, sort of

    • Greece

      Share of energy imports
      from Gulf Countries

      Share of energy imports from Gulf Countries

      36%

      Total energy
      imports in 2024

      Total energy imports in 2024

      $19 bil.

    • Lithuania

      Share of energy imports from Gulf Countries

      32%

      Total energy imports in 2024

      $7 bil.

    • Poland

      Share of energy imports from Gulf Countries

      30%

      Total energy imports in 2024

      $28 bil.

    • Serbia

      Share of energy imports from Gulf Countries

      29%

      Total energy imports in 2024

      $2 bil.

    • Bulgaria

      Share of energy imports from Gulf Countries

      23%

      Total energy imports in 2024

      $5 bil.

    • Slovenia

      Share of energy imports from Gulf Countries

      23%

      Total energy imports in 2024

      $4 bil.

    • Italy

      Share of energy imports from Gulf Countries

      22%

      Total energy imports in 2024

      $50 bil.

    • Albania

      Share of energy imports from Gulf Countries

      22%

      Total energy imports in 2024

      $931.9 mil.

    • France

      Share of energy imports from Gulf Countries

      18%

      Total energy imports in 2024

      $73 bil.

    • Ireland

      Share of energy imports from Gulf Countries

      14%

      Total energy imports in 2024

      $6 bil.

    • Iceland

      Share of energy imports from Gulf Countries

      13%

      Total energy imports in 2024

      $1 bil.

    • U.K.

      Share of energy imports from Gulf Countries

      11%

      Total energy imports in 2024

      $62 bil.

    • Netherlands

      Share of energy imports from Gulf Countries

      10%

      Total energy imports in 2024

      $105 bil.

    • Spain

      Share of energy imports from Gulf Countries

      9%

      Total energy imports in 2024

      $53 bil.

    • Romania

      Share of energy imports from Gulf Countries

      8%

      Total energy imports in 2024

      $8 bil.

    • Denmark

      Share of energy imports from Gulf Countries

      8%

      Total energy imports in 2024

      $6 bil.

    • Ukraine

      Share of energy imports from Gulf Countries

      7%

      Total energy imports in 2024

      $8 bil.

    • Austria

      Share of energy imports from Gulf Countries

      7%

      Total energy imports in 2024

      $10 bil.

    • Germany

      Share of energy imports from Gulf Countries

      7%

      Total energy imports in 2024

      $66 bil.

    • Norway

      Share of energy imports from Gulf Countries

      5%

      Total energy imports in 2024

      $5 bil.

    • Portugal

      Share of energy imports from Gulf Countries

      5%

      Total energy imports in 2024

      $10 bil.

    • Moldova

      Share of energy imports from Gulf Countries

      4%

      Total energy imports in 2024

      $1 bil.

    • Cyprus

      Share of energy imports from Gulf Countries

      4%

      Total energy imports in 2024

      $3 bil.

    • Belgium

      Share of energy imports from Gulf Countries

      4%

      Total energy imports in 2024

      $47 bil.

    • Latvia

      Share of energy imports from Gulf Countries

      3%

      Total energy imports in 2024

      $2 bil.

    • Sweden

      Share of energy imports from Gulf Countries

      3%

      Total energy imports in 2024

      $18 bil.

    • Finland

      Share of energy imports from Gulf Countries

      3%

      Total energy imports in 2024

      $10 bil.

    • Estonia

      Share of energy imports from Gulf Countries

      2%

      Total energy imports in 2024

      $1 bil.

    • North Macedonia

      Share of energy imports from Gulf Countries

      2%

      Total energy imports in 2024

      $902.7 mil.

    • Croatia

      Share of energy imports from Gulf Countries

      1%

      Total energy imports in 2024

      $6 bil.

    • Switzerland

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $8 bil.

    • Bosnia and Herzegovina

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $1 bil.

    • Slovakia

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $4 bil.

    Note: Only countries with energy imports from Gulf countries are shown.

    Europe has traditionally been less reliant on the Gulf than Asia has been. It used to get most of its natural gas from Russia, but in recent years it has relied more on the United States and Norway. But the continent has had to endure one energy crisis after another in recent years, including from Russia’s war with Ukraine and the Western sanctions that followed.

    Russia is the world’s third-largest producer of oil and second-largest producer of gas, and the sales of its energy products have been significantly restricted while Moscow continues its invasion of Ukraine.

    This current crisis comes as European countries, confronting lackluster economic output, try to rebuild their industrial bases and fend off competition from cheaper Chinese exports.

    Confronted with soaring prices since its attack with Israel on Iran, the United States temporarily lifted sanctions on Russian oil that is currently at sea, hoping to ease the global supply and markets in the process. The European Union has not made similar moves.

    Parts of Africa will be hit hard

    • Seychelles

      Share of energy imports
      from Gulf Countries

      Share of energy imports from Gulf Countries

      98%

      Total energy
      imports in 2024

      Total energy imports in 2024

      $308.6 mil.

    • Mauritania

      Share of energy imports from Gulf Countries

      76%

      Total energy imports in 2024

      $973.5 mil.

    • Uganda

      Share of energy imports from Gulf Countries

      61%

      Total energy imports in 2024

      $2 bil.

    • Mauritius

      Share of energy imports from Gulf Countries

      56%

      Total energy imports in 2024

      $1 bil.

    • Kenya

      Share of energy imports from Gulf Countries

      55%

      Total energy imports in 2024

      $5 bil.

    • Egypt

      Share of energy imports from Gulf Countries

      45%

      Total energy imports in 2024

      $16 bil.

    • Zambia

      Share of energy imports from Gulf Countries

      45%

      Total energy imports in 2024

      $2 bil.

    • Namibia

      Share of energy imports from Gulf Countries

      38%

      Total energy imports in 2024

      $1 bil.

    • Malawi

      Share of energy imports from Gulf Countries

      38%

      Total energy imports in 2024

      $476.1 mil.

    • South Africa

      Share of energy imports from Gulf Countries

      33%

      Total energy imports in 2024

      $18 bil.

    • Tanzania

      Share of energy imports from Gulf Countries

      30%

      Total energy imports in 2024

      $5 bil.

    • Morocco

      Share of energy imports from Gulf Countries

      29%

      Total energy imports in 2024

      $8 bil.

    • Mozambique

      Share of energy imports from Gulf Countries

      24%

      Total energy imports in 2024

      $2 bil.

    • Madagascar

      Share of energy imports from Gulf Countries

      19%

      Total energy imports in 2024

      $841.3 mil.

    • Zimbabwe

      Share of energy imports from Gulf Countries

      16%

      Total energy imports in 2024

      $2 bil.

    • Senegal

      Share of energy imports from Gulf Countries

      13%

      Total energy imports in 2024

      $4 bil.

    • Nigeria

      Share of energy imports from Gulf Countries

      12%

      Total energy imports in 2024

      $13 bil.

    • Benin

      Share of energy imports from Gulf Countries

      6%

      Total energy imports in 2024

      $398.4 mil.

    • Angola

      Share of energy imports from Gulf Countries

      4%

      Total energy imports in 2024

      $2 bil.

    • Burkina Faso

      Share of energy imports from Gulf Countries

      4%

      Total energy imports in 2024

      $2 bil.

    • Tunisia

      Share of energy imports from Gulf Countries

      2%

      Total energy imports in 2024

      $3 bil.

    • Cote d’Ivoire

      Share of energy imports from Gulf Countries

      2%

      Total energy imports in 2024

      $4 bil.

    • Central African Republic

      Share of energy imports from Gulf Countries

      1%

      Total energy imports in 2024

      $196.7 mil.

    • Gambia

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $206.6 mil.

    • Niger

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $113.6 mil.

    • Lesotho

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $214.4 mil.

    • Cameroon

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $424.4 mil.

    • Libya

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $4 bil.

    Note: Only countries with energy imports from Gulf countries are shown.

    African nations, like many other countries in the global south, could feel the disruption unevenly. Seychelles, the island nation off the east coast of Africa, imported almost all of its energy from Gulf states in 2024. Mauritius has had a similar reliance, while Nigeria, an oil-rich state and a member of the OPEC Plus oil cartel, has traditionally imported relatively few fossil fuels from the Middle East.

    But as the war continues, the impact is being felt beyond the imports of oil and gas. The Persian Gulf is a dominant source of fertilizer, partly because the region’s abundance of energy has spurred the development of factories that make the raw materials for many types of agricultural chemicals.

    A sustained rise in the cost of fertilizer could force governments in South Asia and sub-Saharan Africa to subsidize the cost of growing crops or otherwise watch food prices climb. That could add to debt burdens afflicting many lower-income countries.

    The Americas and elsewhere are feeling broader economic shocks

    • Argentina

      Share of energy imports
      from Gulf Countries

      Share of energy imports from Gulf Countries

      16%

      Total energy
      imports in 2024

      Total energy imports in 2024

      $3 bil.

    • Brazil

      Share of energy imports from Gulf Countries

      13%

      Total energy imports in 2024

      $28 bil.

    • United States

      Share of energy imports from Gulf Countries

      10%

      Total energy imports in 2024

      $233 bil.

    • Paraguay

      Share of energy imports from Gulf Countries

      9%

      Total energy imports in 2024

      $2 bil.

    • Canada

      Share of energy imports from Gulf Countries

      5%

      Total energy imports in 2024

      $31 bil.

    • Uruguay

      Share of energy imports from Gulf Countries

      4%

      Total energy imports in 2024

      $1 bil.

    • Australia

      Share of energy imports from Gulf Countries

      2%

      Total energy imports in 2024

      $37 bil.

    • Dominican Republic

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $5 bil.

    • Guatemala

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $4 bil.

    • Chile

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $13 bil.

    • Fiji

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $888.1 mil.

    • Peru

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $9 bil.

    • Honduras

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $2 bil.

    • Ecuador

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $5 bil.

    • Colombia

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $6 bil.

    • El Salvador

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $2 bil.

    • Costa Rica

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $2 bil.

    • New Zealand

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $6 bil.

    • Mexico

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $34 bil.

    • Belize

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $235.5 mil.

    • Bolivia

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $2 bil.

    • Nicaragua

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $1 bil.

    • Barbados

      Share of energy imports from Gulf Countries

      <1%

      Total energy imports in 2024

      $552.3 mil.

    Note: Only countries with energy imports from Gulf countries are shown.

    The United States is the world’s largest producer of oil and gas. That means the impact of halting the energy trade from the Middle East is much less severe.

    But the United States and other countries in the region that do not import great quantities from the Gulf are still feeling economic strain. The jump in oil prices – to over $100 a barrel in recent weeks – has already weighed on other major economic factors.

    The cost of gasoline has jumped by about a dollar a gallon nationally since the war began. American airlines have begun to cut flights because of fuel costs. Concerns about inflation have pushed mortgage rates to their highest level in three months, just weeks after they fell below 6 percent for the first time since 2022.

    If the war drags on, or if oil and gas prices continue to rise, the damage will most likely grow, economists say. It is perhaps one reason why the White House has forcefully insisted that it does not need Middle Eastern oil — and is increasingly trying to use military force to stop Iran’s blockade of it.

    Methodology

    To calculate total energy imports for each country, The New York Times used 2024 international trade data from the Observatory for Economic Complexity and tallied the value of imports for a subset of energy-related goods. A share of imports from Gulf countries was then calculated from that subset.

    The Gulf countries included are: Kuwait, Iraq, Bahrain, Qatar, the United Arab Emirates, Saudi Arabia and Iran.

    The categories used were: crude petroleum oils (HS 270900), bituminous petroleum distillates (HS 271000), liquefied natural gas (HS 271111), liquefied propane (HS 271112), liquefied butanes (HS 271113) and liquefied petroleum gases (HS 271119).

    countries depend gas Gulf oil Persian
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleEight US states ask judge to temporarily stop $3.5bn Nexstar and Tegna merger | US television industry
    Next Article ‘Audiences told us we didn’t show enough teacher sex’: how we made Waterloo Road | Culture
    onlyplanz_80y6mt
    • Website

    Related Posts

    Eight US states ask judge to temporarily stop $3.5bn Nexstar and Tegna merger | US television industry

    March 23, 2026

    Live Updates: 2 Dead After Jet Collides With Vehicle at LaGuardia Airport

    March 23, 2026

    ‘The stakes are enormous’: how a prolonged Iran war could shock the global economy | Global economy

    March 23, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Watch Lady Gaga’s Perform ‘Vanish Into You’ on ‘Colbert’

    September 9, 20251 Views

    Advertisers flock to Fox seeking an ‘audience of one’ — Donald Trump

    July 13, 20251 Views

    A Setback for Maine’s Free Community College Program

    June 19, 20251 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    At Chile’s Vera Rubin Observatory, Earth’s Largest Camera Surveys the Sky

    By onlyplanz_80y6mtJune 19, 2025

    SpaceX Starship Explodes Before Test Fire

    By onlyplanz_80y6mtJune 19, 2025

    How the L.A. Port got hit by Trump’s Tariffs

    By onlyplanz_80y6mtJune 19, 2025

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    Watch Lady Gaga’s Perform ‘Vanish Into You’ on ‘Colbert’

    September 9, 20251 Views

    Advertisers flock to Fox seeking an ‘audience of one’ — Donald Trump

    July 13, 20251 Views

    A Setback for Maine’s Free Community College Program

    June 19, 20251 Views
    Our Picks

    ‘Audiences told us we didn’t show enough teacher sex’: how we made Waterloo Road | Culture

    Which Countries Depend the Most on Persian Gulf Oil and Gas

    Eight US states ask judge to temporarily stop $3.5bn Nexstar and Tegna merger | US television industry

    Recent Posts
    • ‘Audiences told us we didn’t show enough teacher sex’: how we made Waterloo Road | Culture
    • Which Countries Depend the Most on Persian Gulf Oil and Gas
    • Eight US states ask judge to temporarily stop $3.5bn Nexstar and Tegna merger | US television industry
    • US under-45s struggle for insurance approval as colon cancer rates rise | US healthcare
    • Why axe so many juries? My plan would solve the courts crisis without harming justice | Alan Moses
    © 2026 naijaglobalnews. Designed by Pro.
    • About Us
    • Disclaimer
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.