*Italy imported a total of 1.10mn b/d of crude in Q1, down 12% quarter-on-quarter, but up 14% compared to the 966,000 b/d imported in Q1 last year, which was Italy’s second lowest import volumes on record.
*Azerbaijan retained the spot of Italy’s number one crude supplier with 221,000 b/d in Q1, followed by Libya at 191,000 b/d and Iraq in third place at 157,000 b/d. The top three suppliers all saw quarter-on-quarter falls in volumes. Azerbaijan was down 20% and Iraq down 14%. Libya volumes were down by a comparatively modest 6% despite the country’s output slumping in early 2022 as instability spread. (CONTINUED - 365 WORDS)