These companies are still buying Russian crude oil | Russia-Ukraine war News
Several Western countries, including the United States, imposed an outright ban on Russian energy imports, following Moscow’s invasion of Ukraine, but major European economies dependent on Russian oil and gas have avoided drastic measures showing the divide in the European Union.
Australia, Britain, Canada and the US have banned the import of Russian oil purchases in the wake of the Russian aggression, which has triggered the biggest refugee crisis in decades.
So far, the bloc’s 27 members have been unable to agree on an embargo, with Germany warning against hasty steps that could push the economy into recession, and, some countries, such as Hungary, opposing any bans.
An EU embargo would require unanimous approval from all 27 member states.
Many buyers in Europe have shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulties.
Others, such as commodity traders Trafigura and Vitol, have continued buying Russian crude under existing long-term contracts.
Both, however, told Reuters that they had not agreed to any new deals since Russia’s invasion of Ukraine, which Moscow calls a “special military operation” and which began on February 24.
India and China, which have refused to condemn Russia’s actions, have also continued to buy Russian crude.
The following lists major buyers of Russian oil:
Neftohim Burgas
A Bulgarian refinery, owned by Russia’s Lukoil, and, with Russian crude accounting for about 60 percent of its intake, continues to refine Russian crude.
MiRo
Russian crude continues to account for about 14 percent of the intake at Germany’s largest refinery, Miro, which is 24 percent owned by Rosneft.
PCK Schwedt
Germany’s refinery, 54 percent owned by Rosneft, receives crude oil via the Druzhba pipeline.
Pertamina
Indonesian state energy firm PT Pertamina is considering buying crude oil from Russia as it seeks oil for a newly revamped refinery.
Leuna
The land-locked Leuna refinery in eastern Germany, majority-owned by TotalEnergies, is also fed Russian crude by the Druzhba pipeline.
Hellenic Petroleum
Greece’s biggest oil refiner relies on Russian crude for about 15 percent of its intake. The company earlier this month secured additional supplies from Saudi Arabia.
ISAB
Italy’s largest refinery, owned by Lukoil-controlled Swiss-based Litasco SA, processes Russian and non-Russian crude.
MOL
The Hungarian oil group, which operates three refineries in Croatia, Hungary and Slovakia, continues to be supplied by the Druzhba pipeline. Hungary is opposed to sanctions on Russian oil and gas.
Zeeland Refinery
The Dutch refinery, 45 percent owned by Lukoil, declined to comment on whether it was using Russian crude oil.
Rotterdam Refinery
Exxon Mobil declined to comment on whether its Dutch refinery in Rotterdam was using Russian crude oil.
Hindustan Petroleum
India’s state refiner bought two million barrels of Russian Urals for May loading, according to trading sources last week.
Indian Oil Corporation
India’s top refiner on March 23 bought three million barrels of Urals for May delivery from Vitol, trade sources said. This is the second purchase of Urals by IOC since Russia invaded Ukraine on February 24.
Nayara Energy
Indian private refiner, part-owned by Russia’s Rosneft, has bought Russian oil after a gap of a year, buying about 1.8 million barrels of Urals from trader Trafigura.
The following lists companies that have stopped buying Russian oil:
BP
The British oil major, which is abandoning its stake in Rosneft, will not enter new deals with Russian entities for loading at Russian ports, unless “essential for ensuring security of supplies”.
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.
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