Large commercial global companies plan to reduce imports crude oilbut also other fuel purchases by the oil companies controlled by Russian stateeven from May 15in an effort to avoid being confronted with European ones sanctions against Russiaaccording to sources.
The European Union has not imposed a ban imports of Russian oil after the Russian invasion of Ukraine, because some countries, such as Germanyare heavily dependent on Russian oil and do not have the proper infrastructure to activate alternatives.
However, commercial companies are gradually restricting purchases from Russian energy Rosneft groupas they seek to comply with European sanctions imposed and aim to limit Russia’s access to the international economic system, according to the same sources.
The wording of the European sanctions excludes oil markets from Rosneft or Gazpromneft.
The companies are trying to determine the “absolutely necessary” terms of their cooperation, as the same sources said. The same companies are reducing their purchases, so that their compliance has been ensured from May 15, when the European restrictions will be activated.
THE situation is further complicated for the possibility of future sales from the participation of the Russian infrastructure company Transneft, which owns important ports and oil pipelines.
THE Trafigura, a major buyer of Russian oil, told Reuters “it will fully comply with all sanctions imposed. We expect that the quantities we trade will decrease further from May 15. “
THE Vitol, another large buyer declined to comment on the May 15 deadline. Vitol had previously announced that the quantities of Russian oil traded “will decrease significantly in the second quarter, as the contractual obligations for the current period are reduced” while it will stop trading Russian oil from the end of 2022.
The war and sanctions against Russia have already led many Western buyers of Russian crude oil, such as Shellto stop the medium-term purchases of new quantities.
The refineries in Europe gradually refuse to proceed with the refining of Russian crude oil. This development has already caused problems for Russian exports, despite those from India and Turkey, while sales to China have not decreased.
The quantities of Rosneft and Gazpromneft have been recorded in 29 million barrels or about one million barrels a day in April, which accounts for more than 40% of total crude oil exports from Russia’s western ports in April, according to the relevant shipment schedule.
The flow of Russian oil may be reduced by three million barrels per day from May, according to the International Energy Agency.
Rosneft declined to comment. Gazpromneft did not immediately respond to requests for comment from Reuters, while other buyers of Russian oil, such as Gunvor and Glencore, declined to comment on the impact of the May 15 deadline.
Follow Skai.gr on Google News
and be the first to know all the news
