• Russian oil and gas avoided more extreme actions, demonstrating the divisions that still exist inside the European Union.
  • There have been no fresh agreements since Russia’s invasion of Ukraine, which Moscow calls a “special military operation,” began on February 24. 
  • Poland’s largest refiner has not bought Urals crude on the spot market since the start of the war in Ukraine, the company said on Friday, while it has bought a few cargoes from Norway.

Still Using Russian Oil

Imports of Russian oil and gas were put on hold after Moscow invaded Ukraine, but major European economies that rely on Russian oil and gas avoided more extreme actions, demonstrating the divisions that still exist inside the European Union. Due to Russian aggression, the largest refugee crisis in decades has erupted as a result of the embargo on Russian oil sales by Australia, Britain, Canada, and the US(Aljazeera, 2022).
Since the 27 members of the EU have yet to agree on an embargo, Germany has warned of the dangers of making hasty decisions that could cause the economy to plunge into recession. To impose an EU embargo, all 27 member states would have to agree to it. Many European importers have consciously avoided Russian crude in order to prevent reputational damage or possible legal complications. Trafigura and Vitol, traders in commodities with long-term contracts, have continued to buy Russian petroleum.

There have been no fresh agreements since Russia’s invasion of Ukraine, which Moscow calls a “special military operation,” began on February 24. Russian petroleum has been purchased by India and China, two countries that have refused to denounce Russia’s conduct (Aljazeera, 2022).

The following lists of major buyers of Russian oil:

 

Neftohim Burgas

Russia’s Lukoil owns a Bulgarian refinery and, with Russian crude accounting for around 60 percent of its intake, continues to refine Russian crude in Bulgaria.

 

MiRo

Miro, Germany’s largest refinery, which is 24 percent owned by Rosneft, continues to receive roughly 14 percent of its crude oil intake from Russian petroleum.

 

PCK Schwedt.

The Druzhba pipeline sends crude oil to Germany’s refinery, which is 54% owned by Rosneft.

Pertamina

Indonesia’s state energy company, PT Pertamina, may buy crude oil from Russia as it looks for oil for a new refinery.

Leuna

Russian crude is also sent to the Leuna refinery in eastern Germany, which is owned by TotalEnergies. The Druzhba pipeline also sends the crude to the refinery.

Hellenic Petroleum

Greece’s biggest oil refiner gets about 15% of its fuel from Russian oil. The company got more supplies from Saudi Arabia earlier this month.

ISAB

Lukoil owns the largest refinery in Italy, Litasco SA, which is based in Switzerland. Litasco SA processes both Russian and non-Russian crude.

 

MOL

The Hungarian oil group, which owns three refineries in Croatia, Hungary, and Slovakia, is still getting its oil from the Druzhba pipeline. Hungary doesn’t want to punish Russia for its oil and gas. 

Zeeland Refinery

In this case, the Dutch refinery, which is 45 percent owned by Lukoil, did not say if it was using Russian crude oil.

Rotterdam Refinery

Exxon Mobil didn’t say if its Dutch refinery in Rotterdam used oil from Russia.

Hindustan Petroleum

Sources say that India’s state refiner bought two million barrels of Russian Urals for May loading, and they said that last week.

The following lists companies that have stopped buying Russian oil:

 

BP

The British oil firm, which is selling its investment in Rosneft, has stated that it will not enter into new agreements with Russian entities for loading at Russian ports unless they are “necessary for ensuring supply security.”

 

Eneos

Japan’s biggest refiner has stopped buying crude oil from Russia, while some cargoes signed under previous agreements will arrive in Japan until around April.

 

ENI

The energy group, 30.3 percent owned by the Italian government, is suspending purchases of Russian oil.

 

Bayernoil

No Russian crude will be used at Germany’s Bayernoil refinery, in which Eni and Rosneft have stakes.

 

Equinor

Norway’s majority state-owned energy firm has stopped trading Russian oil as it winds down its operations in the country.

 

Galp

The Portuguese oil and gas company has suspended all new purchases of petroleum products from Russia or Russian companies.

 

Neste

The Finnish refiner has Russian oil contracts until the end of the year but is not making any new supply agreements.

 

PKN Orlen

Poland’s largest refiner has not bought Urals crude on the spot market since the start of the war in Ukraine, the company said on Friday, while it has bought a few cargoes from Norway.

The company, which operates refineries in Lithuania, Poland and the Czech Republic, however, buys crude under previously signed long-term supply contracts with Russia’s Rosneft and Tatneft.

Preem

Sweden’s largest refiner, owned by Saudi billionaire Mohammed Hussein al-Amoudi, has “paused” new orders of Russian crude, which accounted for around seven percent of its purchases, replacing them with North Sea barrels.

 

Repsol

The Spanish company has stopped buying Russian crude oil in the spot market.

 

Shell

The world’s largest petroleum trader will stop buying Russian crude and phase out its involvement in all Russian hydrocarbons.

 

TotalEnergies

The French oil major will not sign new contracts, promising to stop buying Russian crude oil and petroleum products by the end of this year.

 

Varo Energy

The Swiss refiner, which owns 51.4 percent of Germany’s Bayernoil refinery, said it did not plan to enter into new deals to buy Russian crude (Aljazeera, 2022).

 

Bibliography

Aljazeera. (2022, March 29). These companies are still buying Russian crude oil . Retrieved from Aljazeera: https://www.aljazeera.com/news/2022/3/29/who-is-still-buying-russian-crude-oil

 

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