News & Reports News Year 2011 January , 2011 Italy oil import from Iran up 92%

Italy oil import from Iran up 92%

Despite recent sanctions against Tehran, Italian industry group Unione Petrolifera (UP) says the country’s crude oil imports from Iran has increased by 92 percentage points.

In the first 10 months of 2010, Italy’s imports of crude oil from Iran, which is its second-biggest supplier, reached 9.07 million tons, UP said in a statement published on its website on Thursday.

Iran’s oil accounted for 15.3 percent of total crude imports of Italy, which came in at 63.99 million tons in the January-October period, down 0.2 point from the same period last year, UP added.

The surge in Italy’s imports came as the United States and its allies have imposed unilateral restrictions on Iran’s energy imports and exports over the country’s nuclear program.

The West accuses Iran of pursuing a military nuclear program and used this pretext to pressure the UN Security Council to impose a fourth round of sanctions against Iran’s financial and military sectors in June.

The Iranian officials have repeatedly refuted the charges, arguing that as a signatory to the Nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, Tehran has a right to use peaceful nuclear technology.

Iran is the second largest oil producer of the Organization of the Petroleum Exporting Countries (OPEC).