LONDON, June 10 (Reuters) - Restoring a balanced crude oil market amid heavy inventory drawdowns will take a year and possibly longer, Shell CEO Wael Sawan said on Wednesday.

• Sawan told a conference that over 10% of global crude oil production is out due to the Iran war.

• Sawan said Chinese energy imports have come down because China could draw on its inventories.

• The Shell CEO said that while inventory drawdowns were helping the global market right now, they amounted to "borrowing from the future" and there was a deficit of 1.2 billion barrels of crude at the moment.

• Sawan said that it would take "close to a year, if not longer" for the market to find its equilibrium again, and until then the stress levels would continue in the system "for quite some time."

• The market has encouraged jet fuel production but at some point diesel pricing will mean diesel production will be prioritised over jet fuel, he said.