Italy Country Analysis Brief
Foreign money: Euro – On January 1, 2002, the Euro became the one foreign money of the 12 member states. After that date, the Lira existed as legal tender until February 28, 2002.
Market Alternate Rate (03/05/03): US$1= .91870 Euro
Nominal Gross Domestic Product (GDP, 2002E): $1,777 billion (2003F): $1,302 billion
Real GDP Growth Price (2002E): Zero.Four%; (2003F): 1.4%
Unemployment Fee (2001E): 9.5%; (2002E): 9.1%
Inflation Price (shopper costs, 2002E): 2.4%; (2003F): 2.4%
Main Export Merchandise: Textiles, clothes, equipment, transportation equipment
Main Import Products: Crude oil, different fuels, equipment, transport gear
Main Trading Partners: Germany, France, Netherlands, United States, United Kingdom
Minister of Productive Activities: Antonio Marzano
Proven Oil Reserves (1/1/03E): 621 million barrels
Oil Manufacturing (2002E): 149,000 barrels per day (bbl/d), of which 84,seven hundred bbl/d is crude oil
Oil Consumption (2002E): 1.87 million bbl/d
Net Oil Imports (2002E): 1.Sixty nine million bbl/d
Crude Oil Refining Capacity (12/1/02E): 2.30 million bbl/d
Natural Gasoline Reserves (12/1/02E): Eight.0 trillion cubic toes (Tcf)
Natural Fuel Manufacturing (2001E): 550 billion cubic toes
Pure Gas Consumption (2001E): 2.5 Tcf
Web Pure Gas Imports (2000E): 2.0 Tcf
Recoverable Coal Reserves (2000): 37 million short tons (Mmst)
Coal Production (2001E): Zero.02 Mmst
Coal Consumption (2001E): 22.4 Mmst
Electric Generation Capacity (1/1/01): 69 million kilowatts
Electricity Generation (2001E): 203.Four billion kilowatthours
Electricity Consumption (2001E): 289.1 billion kilowatthours
Minister of Atmosphere: Altero Matteoli
Total Vitality Consumption (2000E): 7.96 quadrillion Btu* (2% of world complete power consumption)
Power-Related Carbon Emissions (2001E): 121.5 million metric tons of carbon (1.9% of world total carbon emissions)
Per Capita Vitality Consumption (2000E): 138.3 million Btu (vs U.S. worth of 351 million Btu)
Per Capita Carbon Emissions (2000E): 2.0 metric tons of carbon (vs U.S. value of 5.6 metric tons of carbon)
Vitality Depth (2000E): 6,603 Btu/ $1990 (vs U.S. worth of 10,918 Btu/ $1990)**
Carbon Intensity (1999E): Zero.1 metric tons of carbon/thousand $1990 (vs U.S. value of zero.17 metric tons/thousand $1990)**
Gasoline Share of Vitality Consumption (2000E): Oil (48.7%), Natural Fuel (32%), Coal (6.2%), Hydro (5.7%), and different Renewables (1.Fifty eight%)
Gas Share of Carbon Emissions (2000E): Oil (57.5%), Pure Fuel petroleum wholesale (31.4%), Coal (11.1%)
Renewable Vitality Consumption (1998E): 560 trillion Btu* (1% enhance from 1997)
Status in Local weather Change Negotiations: Annex I nation underneath the United Nations Framework Convention on Local weather Change (ratified April 15th, 1994). Underneath the negotiated Kyoto Protocol (signed on April twenty ninth, 1998, and ratified the Treaty on Might 31st, 2003), Italy, as a member of the European Union, has agreed to cut back greenhouse gases eight% below 1990 ranges by the 2008-2012 dedication interval.
Main Environmental Points: Air pollution from industrial emissions corresponding to sulfur dioxide; coastal and inland rivers polluted from industrial and agricultural effluents; acid rain damaging lakes; insufficient industrial waste therapy and disposal services.
Main International Environmental Agreements: A party to Conventions on Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Sulphur eighty five, Air Pollution-Sulphur 94, Air Pollution-Risky Natural Compounds, Antarctic-Environmental Protocol, Antarctic Treaty, Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Safety, Ship Pollution, Tropical Timber 83, Tropical Timber ninety four, Wetlands and Whaling. Has signed, but not ratified: Air Pollution-Convention on Persistent Organic Pollutants. * The whole power consumption statistic consists of petroleum, dry pure fuel, coal, internet hydro, nuclear, geothermal, photo voltaic, wind, wooden and waste electric power. The renewable power consumption statistic relies on International Power Company (IEA) data and consists of hydropower, photo voltaic, wind, tide, geothermal, strong biomass and animal products, biomass gas and liquids, industrial and municipal wastes. Sectoral shares of vitality consumption and carbon emissions are also based on IEA knowledge.
**GDP primarily based on EIA International Energy Annual 1999.
Oil and Gasoline Company: Ente Nazionale Idrocarburi (ENI); Chief Subsidiaries: Agip (hydrocarbons exploration and manufacturing), Snam (gas provides and hydrocarbon transportation), ENIchem (petrochemicals)
Main Pipelines (fuel): TransMed, Trans-Austria Gasleitung
Major Ports: Cagliari (Sardinia), Genoa, La Spezia, Livorno, Naples, Palermo, Trieste, Venice
Nationwide Electricity Firm: Ente Nazionale per l’Energia Elettrica (ENEL, undergoing privatization) Sources for this report embody: CIA World Factbook; Dow Jones; Economist; Economist Intelligence Unit; ENEL; ENI; European Union; Monetary Times; Italian Regulatory Authority for Electricity and Gasoline; La Stampa; Petroleum Economist; U.S. Census Bureau, Worldwide Knowledge Base; U.S. Commerce Division; U.S. Energy Information Administration; U.S. State Division; WEFA; World Gas Intelligence. Links
For more data from EIA on Italy, please see:
Latest EIA Detailed Annual Information
EIA Privatization Report (oil) – Italy
EIA Privatization Report – Italy Hyperlinks to different U.S. Authorities websites:
CIA World Factbook, Italy
U.S. Division of Energy’s Pacific Northwest Laboratories, Energy Trends, Italy
U.S. State Division’s Report on Economic Coverage and Commerce Practices, Italy
U.S. State Division’s Country Business Guide, Italy
U.S. State Division’s Background Notes, Italy
U.S. State Division’s Consular Data Sheet, Italy
U.S. Commerce Department’s Country Business Information, Iatly
U.S. Embassy in Rome The petroleum wholesale next hyperlinks are supplied solely as a service to our clients, and due to this fact should not be construed as advocating or reflecting any position of the Vitality Information Administration (EIA) or the United States Government. As well as, EIA does not assure the content or accuracy of any information introduced in linked websites.
Italian Embassy in the U.S.
Italian Regulatory Authority for Electricity and Gasoline
ENEL Residence Web page
ENI Home Web page (in English)
Energy in Italy (by ENI)
European Commission, Power Web page
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