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Who is still buying Russian crude oil?India and China, which have refused to condemn Russia's actions, also continued to buy Russian crude
Reuters
Last Updated IST
Many buyers in Europe have shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Credit: Reuters File Photo
Many buyers in Europe have shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Credit: Reuters File Photo

Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but the European Union remains divided.

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.

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Many buyers in Europe have shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty.

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 any new deals since Russia's invasion of Ukraine, which Moscow calls a "special military operation" and which began on Feb. 24.

India and China, which have refused to condemn Russia's actions, also continued to buy Russian crude.

The following lists major takers of Russian crude:

Neftochim Burgas

A Bulgarian refinery, owned by Russia's Lukoil, and with Russian crude accounting for about 60% of its intake, continues to refine Russian crude.

Miro

Russian crude continues to account for about 14% of the intake at Germany's largest refinery, Miro, which is 24% owned by Rosneft..

PCK Schwedt

Germany's refinery, 54% 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% 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 crudes.

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% owned by Lukoil, declined to comment on whether it was using Russian crude oil.

Rotterdam Energy

Exxon Mobil declined to comment on whether its Dutch refinery in Rotterdam was using Russian crude oil.

Hindustan Petroleum

India's state refiner bought 2 million barrels of Russian Urals for May loading, according to trading sources last week.

Indian Oil Corp

India's top refiner on March 23 bought 3 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 Feb. 24.

Nayara Energy

Indian private refiner, part-owned by Russia's Rosneft , has purchased Russian oil after a gap of a year, buying about 1.8 million barrels of Urals from trader Trafigura.

The following lists those 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% 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.

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 hasn't 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 7% 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% in Germany's Bayernoil refinery, said it did not plan to enter into new deals to buy Russian crude.

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(Published 29 March 2022, 14:46 IST)