Factbox-Countries and companies shun Russian crude over Ukraine invasion

(Reuters) – Russian fuel flows to Europe stay secure, however Western sanctions over Moscow’s invasion of Ukraine and voluntary actions by consumers are beginning to influence its crude oil and oil product gross sales.

Whereas just a few international locations, together with the US, Canada and Australia, have imposed outright bans, some consumers in Europe are shunning Russian oil to keep away from reputational injury or attainable authorized troubles.

Some 2.5 million barrels per day (bpd) of Russian oil and merchandise might not discover their technique to market starting in April, the Worldwide Power Company estimates.

Russian officers, nonetheless, expressed hope that provides would stay secure, whereas oil exports and transit from the nation’s western ports and Druzhba pipeline had been anticipated to rise within the second quarter.

Following are actions introduced by international locations and main European vitality firms:

WHO IS STILL BUYING RUSSIAN OIL?

BULGARIA

Neftochim Burgas refinery, owned by Russia’s Lukoil , may use 100% non-Russian crude if want be, up from 40% at present, a authorities official mentioned.

CHINA

China is the second-largest Russian oil importer after the European Union, and the IEA says seaborne shipments may even enhance. Petro-Logistics, which displays oil manufacturing, is seeing extra Russian crude heading to China.

EUROPEAN UNION

The 27-member bloc, which depends on Russia for 40% of its fuel and 27% of its crude imports, is break up over curbing Russian consumption however a plan to ditch Russian fossil fuels over the longer-term is anticipated by the top of Might.

FRANCE

Russian crude oil accounted for 9.5% of complete imports in 2021, however the French Affiliation of Petroleum Trade (Ufip) mentioned different provides may be discovered, including it’s already shifting away from Russian diesel.

GERMANY

Russian crude accounts for about 14% of consumption at Germany’s largest refinery, Miro..

Germany’s PCK Schwedt refinery, 54% owned by Rosneft, is fed by way of the Druzhba pipeline, in addition to the landlocked Leuna refinery, majority-owned by TotalEnergies.

HELLENIC PETROLEUM

Greece’s greatest oil refiner mentioned Russian crude accounted for about 15% of its feed within the second half of 2021 however may be changed. It has already secured further provides from Saudi Arabia.

HINDUSTAN PETROLEUM,

India’s state refiner purchased 2 million barrels of Russian Urals for Might loading, in response to buying and selling sources.

INDIAN OIL

India’s prime refiner purchased 3 million barrels of Urals for Might supply, commerce sources mentioned.

ISAB

Italy’s largest refinery, owned by Swiss-based Litasco SA, which is managed by Lukoil, was working as regular as of March 4. It processes numerous crudes.

MOL

The Hungarian oil group says it continues to be provided by the Druzhba pipeline. Prime Minister Viktor Orban has repeatedly opposed sanctions on Russian oil and fuel.

NETHERLANDS

Neither the Dutch authorities nor Rotterdam Port have banned Russian oil. Round 30% of the oil that goes by way of Rotterdam is Russian. Round 20 million tonnes of Russian oil merchandise undergo the port yearly.

PKN Orlen

Poland’s largest refiner has mentioned it’s shopping for Russian crude for its refineries in Poland, Lithuania and the Czech Republic, however was ready for “any state of affairs”, together with a whole suspension of Russian provide.

TURKEY

Turkey has no plans to cease shopping for Russian crude and associated merchandise. It opposes sanctions on Moscow. Tupras is the biggest refiner in Turkey.

WHO HAS STOPPED BUYING RUSSIAN OIL?

AMPOL

The Australian refiner says it has not purchased Russian crude oil or merchandise for the reason that battle began.

BP

The British oil main, which is abandoning its stake in Rosneft, won’t enter into new offers with Russian entities for loading at Russian ports, until “important for making certain safety of provides”.

BRITAIN

Britain mentioned it could part out imports of Russian oil by the top of 2022.

CANADA

Canada has mentioned it’s going to ban Russian crude imports, and can be trying into banning refined merchandise. It has not imported Russian crude oil since 2019, however in 2021 purchased naphtha, diesel and gasoline.

CEPSA

The Spanish agency owned by Abu Dhabi state fund Mubadala and personal fairness agency Carlyle, has stopped shopping for Russian crude, pure fuel and oil merchandise and would not anticipate its place to vary within the foreseeable future.

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, which each Eni and Rosneft have stakes in.

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 fuel firm has suspended all new purchases of petroleum merchandise from Russia or Russian firms.

MAERSK

The Danish delivery group has stopped shopping for Russian oil for its vessels.

NESTE

The Finnish refiner has Russian oil contracts lasting till the top of the yr, however isn’t making any new provide agreements.

OMV

The Austrian oil and fuel agency has mentioned it isn’t refining any Russian crude grades in its European refineries, and has no intention to take action within the “close to future”.

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 it with North Sea barrels.

REPSOL

The Spanish agency has stopped shopping for Russian crude oil within the spot market.

RWE

The German utility mentioned it could cease new provide offers for Russian fuel or oil.

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 firm has stopped shopping for oil from Russia, though one in every of its landlocked refineries in Germany continues to obtain Russian crude by pipeline.

VARO ENERGY

The Swiss refiner, which owns the Cressier refinery in Switzerland and has a 51.4% share in Germany’s Bayernoil refinery, mentioned it had not entered into new Russian crude offers for the reason that invasion, and wasn’t planning to, whereas its earlier contracts had expired.

VIVA ENERGY

The refiner, which operates in Australia beneath the Shell model, has stopped shopping for Russian crude.

UNITED STATES

The US, the world’s greatest oil client, imposed a large ban on Russian oil and fuel imports on March 8.

(Reporting by Reuters bureaux; Compiled by Nerijus Adomaitis and Shadia Nasralla; Modifying by Kirsten Donovan)