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Showing posts with label International Politics. Show all posts
Showing posts with label International Politics. Show all posts

February 26, 2011

Top 10 Countries That Depend on Oil From Libya


LIBYA produces 1.7m of the world's 88m barrels a day (b/d) of oil. OECD countries import 1.2m b/d, and China another 150,000. Our chart shows which of Libya's main export markets are most dependent on it for their oil. At the top of the list, Ireland only accounts for a tiny fraction of Libya's oil exports. Italy is by far the biggest importer: in 2010 it took 376,000 b/d from its former colony. As oil prices surge amid the continuing unrest in the Arab world, importers will look to Saudi Arabia to make up any shortfall.( economist)