Free Trial

Azerbaijan Top Oil Supplier to Italy March


Azerbaijan became the top oil supplier to Italy in March 2023, according to data from the Italian Ministry of Ecological Transition.

  • In March 2023, oil supplies from Azerbaijan to Italy increased 40.4% YoY, while in Q1 of this year they decreased 18.7% YoY to 2.183 million tons.
  • Italy's top five oil suppliers are Azerbaijan, with 973,000 tonnes, Iraq with 738,000 tonnes, Saudi Arabia with 718,000 tonnes, Kazakhstan with 504,000 tonnes and Libya with 489,000 tonnes.
  • Oil imports to Italy in March increased 21.6% compared to the same period in 2022, to 5.416 million tonnes, the Ministry said.
  • Azerbaijan has stepped in to fill some of the gap left after Russian flows were sanctioned.

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.