– Australia, Britain, Canada and the USA have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, however the European Union stays divided.
The bloc’s 27 members have been unable to agree on an embargo, with Germany warning towards hasty steps that might push the economic system into recession, and, some nations, similar to Hungary, opposing any bans.
Germany, nonetheless, goals to part out Russian oil imports by the tip of this 12 months, officers stated, as does Poland.
Many consumers in Europe are shunning Russian crude voluntarily to keep away from reputational harm or potential authorized difficulties.
In the meantime, India and China, which have refused to sentence Russia’s actions, proceed to purchase Russian crude.
Lured by steep reductions following Western sanctions on Russian entities, India has purchased a minimum of 13 million barrels of Russian crude oil since late February.
That in contrast with some 16 million barrels for the entire of 2021, knowledge compiled by Reuters exhibits.
Under are present and former consumers of Russian crude (in alphabetical order):
CURRENTBUYERS
HELLENICPETROLEUM
Greece’s greatest oil refiner depends on Russian crude for about 15% of its consumption. The corporate earlier this month secured extra provides from Saudi Arabia.
HINDUSTANPETROLEUM,
India’s state refiner purchased 2 million barrels of Russian Urals for Could loading, in line with buying and selling sources final week.
INDIANOILCORP
India’s prime refiner on March 23 purchased 3 million barrels of Urals for Could supply from Vitol, commerce sources stated. That is the second buy of Urals by IOC since Russia invaded Ukraine on Feb. 24.
The corporate has a contract with Rosneft that offers it an choice to purchase as much as 2 million tonnes, equal to about 15 million barrels, of Urals crude in 2022.
ISAB
Italy’s largest refinery, owned by Lukoil-controlled Swiss-based Litasco SA, processes Russian and non-Russian crudes.
LEUNA
The land-locked Leuna refinery in jap Germany, majority-owned by TotalEnergies, can be fed Russian crude by the Druzhba pipeline.
MIRO
Russian crude continues to account for about 14% of the consumption at Germany’s largest refinery, Miro, which is 24% owned by Rosneft..
MOL
The Hungarian oil group, which operates three refineries in Croatia, Hungary and Slovakia, continues to purchase Russian crude by way of Druzhba pipeline, in addition to refined merchandise, an organization supply advised Reuters.
Hungary is against sanctions on Russian oil and gasoline.
NAYARAENERGY
Indian personal refiner, part-owned by Russia’s Rosneft, has bought Russian oil after a spot of a 12 months, shopping for about 1.8 million barrels of Urals from dealer Trafigura.
NEFTOCHIMBURGAS
A Bulgarian refinery, owned by Russia’s Lukoil, and with Russian crude accounting for about 60% of its consumption, continues to refine Russian crude.
PCKSCHWEDT
Germany’s PCK Schwedt refinery, 54% owned by Rosneft, receives crude oil by way of the Druzhba pipeline.
PERTAMINA
Indonesian state vitality agency PT Pertamina is contemplating shopping for crude oil from Russia because it seeks oil for a newly revamped refinery.
PKN Orlen
Poland’s largest refiner has stopped shopping for Russian crude on the spot market, switching to North Sea oil, however continues to be shopping for Urals below beforehand signed contracts which expire by the tip of this 12 months or later.
The corporate, which operates refineries in Lithuania, Poland and the Czech Republic, noticed its revenue from refining surge in March due to the low cost it pays for Russian oil.
ROTTERDAMREFINERY
Exxon Mobil declined to touch upon whether or not its Dutch refinery in Rotterdam was utilizing Russian crude oil.
ZEELANDREFINERY
The Dutch refinery, 45% owned by Lukoil, declined to touch upon whether or not it was utilizing Russian crude oil.
FORMERBUYERS
BP
The British oil main, which is abandoning its stake in Rosneft, is not going to enter new offers with Russian entities for loading at Russian ports, except “important for making certain safety of provides”.
ENEOS
Japan’s greatest refiner has stopped shopping for crude oil from Russia, whereas some cargoes signed below earlier agreements will arrive in Japan till round April.
ENI
The vitality group, 30.3% owned by the Italian authorities, is suspending purchases of Russian oil.
No Russian crude will likely be used at Germany’s Bayernoil refinery, through which Eni and Rosneft have stakes.
EQUINOR
Norway’s majority state-owned vitality agency has stopped buying and selling Russian oil because it winds down its operations within the nation.
GALP
The Portuguese oil and gasoline firm has suspended all new purchases of petroleum merchandise from Russia or Russian corporations.
GLENCORE
The worldwide mining and buying and selling agency, which holds 0.57% stake in Rosneft, stated it might proceed to honour its obligations below beforehand signed contracts, however would “not enter into any new buying and selling enterprise in respect of Russian origin commodities except directed by the related authorities authorities”.
NESTE
The Finnish refiner has Russian oil contracts till the tip of the 12 months, however is just not making any new provide agreements.
PREEM
Sweden’s largest refiner, owned by Saudi billionaire Mohammed Hussein al-Amoudi, has “paused” new orders of Russian crude, which accounted for round 7% of its purchases, changing them with North Sea barrels.
REPSOL
The Spanish firm has stopped shopping for Russian crude oil within the spot market.
SHELL
The world’s largest petroleum dealer will cease shopping for Russian crude and part out its involvement in all Russian hydrocarbons.
TOTALENERGIES
The French oil main is not going to signal new contracts, promising to cease shopping for Russian crude oil and petroleum merchandise by the tip of this 12 months.
VAROENERGY
The Swiss refiner, which owns 51.4% in Germany’s Bayernoil refinery, stated it didn't plan to enter into new offers to purchase Russian crude.
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