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Crude Oil Reserves in Italy
- By Oil and Gas Author
- Published 08/25/2006
- Crude Oil Petroleum , Natural Gas Petroleum , Exploration and Discoveries , Liquefied Natural Gas LNG , Oil Field Development , Italy , Oil and Natural Gas Prices , Petroleum Pipeline
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Oil and Gas Author
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View all articles by Oil and Gas AuthorIn December 2001, Eni completed the 85-mile Monte Alpi Pipeline, with a capacity of 150,000 bbl/d. The Monte Alpi system connects the Val dAgri Oil project with Enis Taranto refinery.
According to OGJ (1/1/06), Italy had 2.3 million bbl/d of total refining capacity, the largest in the EU. The country has seventeen major refineries, concentrated along the Mediterranean coastline. The largest refinery in the country is the 300,000-bbl/d Sarroch facility on the island of Sardinia, operated by Saras S.p.A. Eni controls five refineries with combined capacity of 553,000 bbl/d, making it the largest refining company in the country. It also holds a 50 percent stake in the 241,000 bbl/d Milazzo plant. Eni reported that it achieved near 100 percent utilization at its facilities in Italy during 2005. Other large refining companies include ERG (453,000 bbl/d) and ExxonMobil (372,000 bbl/d).
Italy is a net exporter of refined Petroleum products. According to Eurostat, the country imported 13.6 million metric tons (mt) and exported 27.6 million mt of petroleum products in 2005. The largest amount of product imports came from Libya (24 percent), the United States (17 percent), and Algeria (10 percent), while the largest amount of product exports went to Spain (18 percent), the Belgium (8 percent), and the United States (7 percent).
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