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Azerbaijan Top Oil Supplier to Italy March

OIL

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.
Energy BulletsCommodities
Energy BulletsCommodities

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