Oil and gas production in Italy estimated to increase in 2010

14/06/2010 09:10 Natural Gas

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Italy, the country depending very much on oil and gas imports due to insufficient natural resources, expects its domestic hydrocarbons production to increase this year, according to Industry Ministry Undersecretary Stefano Saglia on Thursday.

It is expected that crude oil production increase by 7% from 5.5 million tonnes in 2009 and gas production rise by 4% from 7.9 billion cubic meters, as stated by Saglia at an annual meeting of Italy's energy industry body Unione Petrolifera (UP). Only 6.2% of country’s energy needs are covered with domestic output in 2009, helping to trim a high energy imports bill by 3.3 billion euros last year, according to the statement of UP Chairman Pasquale De Vita. Saglia said the sector should concentrate on developing new ecological technologies, in order to raise the European Union carbon dioxide reduction target to 30% by 2020.

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