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Europe: Russia’s oil exports through Ukraine drop 15% in 2024

It seems that Russia’s oil exports through Ukraine have been affected by a decrease of 15% compared to the previous year, amounting to 11.5 million metric tons, or 230,300 barrels per day. This decrease reflects broader shifts in European oil imports and adjustments to supply routes.

The situation highlights how countries like Hungary, Slovakia, and the Czech Republic continue to rely on Russian oil, but there are some notable changes:

  • Hungary: Maintained its oil imports from Russia, receiving 42% of the total volume, which amounted to 4.8 million tons.
  • Slovakia: Saw a 13% decline in oil imports from Russia, totaling 4 million tons.
  • Czech Republic: Experienced a reduction in supply as well, with 2.7 million tons received.

Additionally, the Druzhba pipeline, a key transit route for Russian oil, continues to play a crucial role in supplying these countries. However, the situation has evolved with Germany and Poland halting Russian oil imports in 2023, redirecting their sources for energy needs. Germany, for instance, began importing oil from Kazakhstan via the Druzhba pipeline, receiving 1.5 million tons in 2024.

This shift reflects broader geopolitical and energy security considerations as European countries adjust to the evolving market dynamics and sanctions related to the war in Ukraine.

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