Kilambi News
Friday, October 23, 2026

Italy petroleum reserves

Latest level: 2026-07, from Eurostat (dataset nrg_stk_oilm).

Italy: mixed stockholding under the IEA and EU system, administered by OCSIT, the public stockholding agency operating since 2014, holds specific stocks alongside a compulsory industry obligation.

System
IEA and EU
Holding model
mixed
Stockholding body
OCSIT, the public stockholding agency operating since 2014, holds specific stocks alongside a compulsory industry obligation
Obligation
IEA: 90 days of net imports; EU Directive 2009/119/EC: 90 days of net imports or 61 days of consumption, whichever is greater
Reporting
monthly
Latest level
9,354 thousand tonnes
Level date
2026-07
Crude
4,077.7
Products
5,276.8

OCSIT stocks are held in rented commercial terminals, co mingled with other oil, and can be sold only on government order.

Stock history

16,4878,0312013-012019-102026-079,354

Italy emergency oil stocks, thousand tonnes (Eurostat nrg_stk_oilm). Source series as published; no unit conversion.

Last recorded action

2026-03-11: release of 10.0 million barrels. Participation in the IEA collective action agreed 11 March 2026 (400 million barrels). Italian contribution of 10.0 million barrels from obligated industry stocks, products (IEA contributions table). (source)

Level source: Eurostat (dataset nrg_stk_oilm). Record confidence: verified.