Spain: increase in crude oil imports

Spain: increase in crude oil imports

Editorial Staff
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An increase of 9.4% was recorded in 2015. Moreover, published data show that crude oil mainly came from Africa, at 38.7%, and that the continent imported 15.5% more than in 2014

Imports of crude oil in Spain reached 64,628 kilotons (kt) in 2015, with a 9.4% increase compared to the previous year. This is what emerges from the latest data published by the Spanish Strategic Oil Reserves Manager (CORES). Data also show that 38.7% of the oil that reached Spain came from Africa, which exported 25,036 kt, 15.5% more than in 2014. Second to Africa is America, which exported 17,648 kt of oil to Spain, 27.3% of the total and 4.4% percent more than in 2014. In this case, Mexico was the largest supplier, with 8,883 kt, 13.7% of the total value and 3.8% over the previous year. European and Asian countries instead reached 12,973 kt of crude oil exported to Spain, 14.2% more than in 2014, accounting for a market share of 20.1%. The leader in this region is Russia.