The Economist Intelligence Unit said that Saudi Arabia could replace a large share of Iranian exports when embargos against crude from the Islamic Republic take effect, according to this report in BusinessWeek.

BW:

“Saudi Arabia pumps about 9.8 million barrels a day, including oil from the partitioned zone the kingdom shares with Kuwait, and it still has 2.5 million barrels a day of spare capacity, said Robert Powell, a senior economist at the London- based research company. That’s about the same amount that Iran exports, he said today in an e-mailed response to questions.”