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The French oil major has said it would no longer enter into or renew the existing contracts to buy Russian crude oil and petroleum products, with the aim of halting all purchases by the end of 2022.
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 ...
Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split.
The sanctions against buying Russian oil products took effect on 5 February 2023, introduced as part of the sixth package of restrictions, they were designed to complement the sanctions and price cap on Russian crude oil which were introduced in December 2022. [2] They target products under CN code 2710. [2]
In 2009, Russia produced 12% of the world's oil and had a similar share of global oil exports. [4] Russia produced an average of 10.83 million barrels (1,722,000 m 3) of oil per day in December 2015. [5] In June 2006, Russian crude oil and condensate production reached the post-Soviet maximum of 9.7 million barrels (1,540,000 m 3) per day.
Trends in the top five crude oil-importing countries, 1960–2012. This is a list of countries by oil imports based on The World Factbook and other sources. [1] Many countries also export oil, and some export more oil than they import.
India became the top buyer of Russian sea-borne oil sold at a discount after Western nations imposed sanctions on Moscow and curtailed their energy purchases in response to Russia's invasion of ...
This is a list of oil-producing countries by oil exports based on data for 2022 by CEIC. Oil in this list refers to base crude oil only, and not refined petroleum products such as gasoline, diesel and airplane fuel. In 2022, Saudi Arabia was the largest exporter of petroleum, followed by Russia and Iraq.