- 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
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:
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, 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.
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.
The following lists companies that have stopped buying Russian oil:
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.”
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.
The energy group, 30.3 percent owned by the Italian government, is suspending purchases of Russian oil.
No Russian crude will be used at Germany’s Bayernoil refinery, in which Eni and Rosneft have stakes.
Norway’s majority state-owned energy firm has stopped trading Russian oil as it winds down its operations in the country.
The Portuguese oil and gas company has suspended all new purchases of petroleum products from Russia or Russian companies.
The Finnish refiner has Russian oil contracts until the end of the year but is not making any new supply agreements.
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.
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.
The Spanish company has stopped buying Russian crude oil in the spot market.
The world’s largest petroleum trader will stop buying Russian crude and phase out its involvement in all Russian hydrocarbons.
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.
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).
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