GLOBAL OIL

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ITALY - Italian Republic

Italy is the 8th largest economy in the world with highly-developed industrial and service sectors.

But like other developed economies, Italy does not produce enough domestic petroleum to support its economy and high standard of living.

Much of italy's petroleum is imported from Libya (a former Italian colony).

 

Production    --              minimal
Exports    --              minimal
Imports
2,158,000 barrels per day
Consumption
1,874,000 barrels per day
Reserves    --              minimal