Where does Russia export most of its oil?

Collectively, European nations take about two-thirds of Russia’s oil exports while a fifth go to China which is the biggest single buyer of Russian oil and oil products importing 1.6 million barrels a day during 2021, according to the IEA.

Does Russia export oil?

Russia is the biggest exporter of oil and oil products to the EU, supplying 2.2 million barrels per day (bpd) of oil and 1.2 million bpd of oil products, according to the International Energy Agency (IEA). EU foreign affairs chief Josep Borrell has estimated that oil exports provide Moscow with $1 billion a day.

Where does Russia ship oil from?

Russian ESPO-grade crude oil exported from Russia’s Pacific port of Kozmino can reach Chinese ports quicker than crude oil shipped from the Middle East, allowing Russian crude oil to be shipped in smaller volumes and with more flexible scheduling.

Where do Russian exports go?

Among individual countries, China was the top destination for Russian crude oil and condensate exports in 2021, receiving nearly 30% of the total. Second and third place went to the Netherlands and Germany, accounting for 13% and 10%, respectively.

How much of Russia’s exports are oil?

Russia’s main exports are: fuels and energy products (63 percent of total shipments, of which crude oil and natural gas accounted for 26 percent and 12 percent respectively); metals (10 percent); machinery and equipment (7.4 percent); chemical products (7.4 percent) and foodstuffs and agricultural products (5 percent).

How is Russian oil transported?

Transport by pipeline Around 95% of the oil extracted in Russia is pumped through the main oil pipeline system of the “Transneft” company, a state company founded by the Government of the Russian Federation.

How is crude oil transported from Russia?

Russia exports nearly 50% of its crude oil and refined products via long-distance pipelines with the balance waterborne liftings and trade. It has the two longest oil pipelines in the world, the Druzhba to the west, and the east, the ESPO oil pipeline.

What is Russia’s biggest export?

Crude oil
Crude oil is Russia’s biggest export, accounting for $123 billion of its export revenues. The war in Ukraine has focused attention on Russia’s global exports. Russia is a key supplier of not just oil and gas, but also wheat, metals and fertilizers.

What are Russia’s main exports?

Exports The top exports of Russia are Crude Petroleum ($74.4B), Refined Petroleum ($48B), Petroleum Gas ($19.7B), Gold ($18.7B), and Coal Briquettes ($14.5B), exporting mostly to China ($49.3B), United Kingdom ($25.3B), Netherlands ($22.5B), Belarus ($15.8B), and Germany ($14.2B).