Italy for now takes more Gulf crude than Spain, though volumes fell 15% to 471,000 b/d for 2018.
The key 2018 loser was Iran as Italy failed to take advantage of a US ‘waiver’ and imported zero for the last two months of 2018. This left overall Iranian volumes for 2018 down 35% at 120,000 b/d, though this was still enough to keep Italy ahead of Spain as Iran’s top EU customer (MEES, 15 February). (CONTINUED - 130 WORDS)