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The Largest Russian Oil Buyers
April 24, 2016 03:09


Forbes first published the rating of the largest Russian oil buyers. It includes 20 companies and is based on the data on the volume of export transactions at the end of 2015. The buyers on the list are positioned according to the total cost of the energy carrier supplied to them.

The first place in the ranking is taken by the Swiss oil trader Litasco owned by “Lukoil”. According to the publication, the volume of purchases of the company amounted to 35.8 million tons, and the amount of contracts – to $ 13 billion. It is noted that the oil trading subsidiary of “Lukoil” not only exports its products to the leading Russian company, but also operates worldwide as an independent player. The company trades in Europe, CIS countries, Mediterranean region, North and West Africa. After the cancellation of international sanctions against Tehran Litasco was the first to buy batches of Iranian crude oil and petroleum products.

The second line of the ranking belongs to China National United Oil Corporation (a subsidiary of CNPC). The total value of the contracts amounted to 10.5 billion dollars, and the volume of purchases - to 26.9 million tons. In addition to Russia, the company buys and sells crude oil and petroleum products on the Western and Middle Eastern markets.

The third place in the ranking is occupied by the Swiss trader Total Oil Trading owned by French Total. The amount of contracts at the end of 2015 amounted to 5.2 billion dollars, the volume of purchases – to 14.5 million tons. The company’s partners in Russia are “Gazprom Neft”, “Surgutneftegas” and “Rosneft”. In 2015 Total Oil Trading signed a new contract with “Rosneft” on the supply of 4.8 million tons per year to Germany.

The fourth place in the list is taken by the Dutch Trafigura with the contract amount of 4.9 billion dollars and the volume of purchases of 12.9 million tons.

The fifth line is taken by the Polish Orlen with the contracts amount of $ 3.7 billion and the volume of 10 million. It has been collaborating with the Russian “Rosneft” for several years. However, after the appointment of a new CEO Wojciech Yasinski in December 2015 the company has decided to increase supplies from Russia and agreed with “Rosneft” on the contract meant for the supply of 18 to 25.2 million tons over three years.


Author: Anna Dorozhkina

Tags: Russian oil and gas industry     

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