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Which Countries Are Most Reliant on Libya for Oil?

CRUDE OIL IMPORTED FROM LIBYA CRUDE As unrest continues to mount and conflict rages (THOUSAND BARRELS PER DAY) on in Libya, questions surrounding the North African nation's oil exports remain in the air. The International Energy Agency said in March EUROPE MOST AFFECTED 2011 that the country's oil production has "slowed to a trickle" as the fighting has prompted international companies and close ports. Relying on Libya for almost a guarter of its crude oil imports in 2010, Ireland IRELAND UNITED KINGDOM tops the list of dependents. Italy and Austria are close behind, each with at least 20 percent of their supply derived from North African country. In total, Libya exports an overwhelming 85 percent of its crude oil to Europe. o halt their operations 14 95 AWAKENING What does this mean for the countries that receive shares of Libya's typical daily output? Here's a breakdown of which ones depend Which Countries Are Most Reliant on Libya for Oil? most on the turbulent but oil-rich nation. GREECE 63 GERMANY ITALY 376 144 SPAIN 136 ITALY: THE BIGGEST CUSTOMER CHINA When it comes to importing by the barrel, Italy hauled in a lion's share of 376,000 barrels a day in 2010- the most of any nation. France, Germany, and China are also close 150 AUSTRIA 21 runner-ups. AUSTRALIA 11 SWITZERLAND PORTUGAL 27 17 NETHERLAND 31 LIBYA UNITED STATES FRANCE CRUDE OIL FIELDS IN LIBYA 51 Daily outout is normally an estimated 1.6 million barrels per day, or 2 percent of global consumption, but upheaval has cut it to about 500,000 barrels per day. 205 U.S. NOT HIT AS HARD The United States, although hit by the oil export disruptions, only receives a half a percent of its total crude oil supplies from Libya. A large share of its crude oil comes from within its own borders; and the rest are acquired from Canada, Mexico, and OPEC-member Saudi Arabia. 25% 15% 10% 0% SOURCE: THE INTERNATIONAL ENERGY AGENCY (IEA) | REUTERS | WALL STREET JOURNAL | THE ECONOMIST | U.S. ENERGY INFORMATION ADMINISTRATION OIL DEPENDENCY SCALE A COLLABORATION BETWEEN GOOD AND COLUMN FIVE (PERCENT OF COUNTRY'S TOTAL CRUDE OIL IMPORTS FROM LIBYA)

Which Countries Are Most Reliant on Libya for Oil?

shared by ColumnFive on May 07
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As unrest continues to mount and conflict rages on in Libya, questions surrounding the North African nation's oil exports remain in the air. The international Energy Agency said in March 2011 that the...

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