The United States Surpasses Russia as Europe’s Top Oil Exporter, Followed by Norway and Saudi Arabia

The United States has overtaken Russia as the leading oil exporter to Europe, with Norway and Saudi Arabia following closely behind. In Italy, Iraq has emerged as the primary oil supplier, witnessing a 15% increase in exports between 2021 and early 2023. Additionally, oil imports from the United States to Italy have seen a significant surge, rising by 140%, which positions the U.S. among the top five oil-exporting countries to Italy.

This information was provided by Guido Cagnani, Managing Director and Vice President of Sicim, a leading company in the construction of facilities for the treatment, transport, and distribution of oil, gas, and water, with a turnover of 1.3 billion euros.