*Italy’s crude import volumes fell by 21% to just 1.01mn b/d for 2020, a multi-decade low (see table).
*In contrast to Turkey where Iraq supplied a record 229,000 b/d to take top spot for 2020 (MEES, 12 March), Iraq lost top spot in Italy. From 2019’s record 253,000 b/d, volumes fell 31% to 174,000 b/d for 2020 (see chart). As such Azerbaijan snagged top supplier spot with 203,000 b/d despite the Caspian producer’s volumes falling by 9%. (CONTINUED - 526 WORDS)