Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt, South Africa discuss strengthening cooperation in industry, transport    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Italy's oil imports from Iran jump despite sanctions
Islamic Republic becomes fourth biggest supplier, says Italian industry group
Published in Ahram Online on 16 - 03 - 2011

Italy's import of crude oil from Iran, a major supplier, jumped 80.6 per cent in 2010, despite tightening international sanctions against Tehran, data from Italy's industry group Unione Petrolifera (UP) showed.
Italy imported 10.377 million tonnes of oil from Iran last year, or 13.3 per cent of of its total imports, making Iran the fourth-biggest oil supplier to Italy, according to UP data published on Wednesday on its website.
Total crude oil imports in Italy rose 2.2 per cent to 77.893m tonnes last year, the data showed.
Tightening of international sanctions against Iran which took full effect around July 2010, has complicated deals involving buying Iranian crude or selling refined oil products to the Islamic Republic and has pinched Tehran's purse.
Tehran denies the West's charge that it is seeking to build nuclear weapons.
Italy, which depends heavily on energy imports because of scarce natural resources, bought 23.3 per cent of its total 2010 crude imports, or 18.154m tonnes, from Libya, its biggest supplier. That was 11.1 per cent down on 2009, UP data showed.
Imports from Russia, No. 2 supplier of crude oil to Italy, dropped by 21.9 per cent to 11.952m tonnes in 2010, while imports from Azerbaijan rose 14.3 per cent to 10.533m tonnes, UP said without commenting on the data.
In January 2011, Italy imported 384,000 tonnes of crude oil from Iran, far behind 1.732m tonnes bought in Libya, 1.156m tonnes imported from Azerbaijan and 813,000 tonnes from Russia, UP said without giving a year-ago comparison.
Italy's total refining capacity stood at 106.6 million tonnes last year but it used only 85 per cent, UP said.


Clic here to read the story from its source.