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15 Nov 2019

Russia Sent 17.8% Less Crude Oil to Germany in Jan-Sept

15 Nov 2019  by Vera Eckert   

FRANKFURT, Nov 14 - Russia reduced exports of crude oil to Germany in the year to September by 17.8%, still reflecting a halt in the Druzhba pipeline between April and June due to contamination, official data showed.

Russia accounted for 30.7% of Germany’s oil receipts in January-September, but at 19.6 million tonnes delivered less than the 23.9 million recorded in the same 2018 period, according to statistics from the BAFA foreign trade office.

A drop in shipments by a quarter in January-June had shown how much the contamination affected Russia’s role as top crude supplier, but the shortfalls have been easing since July.

Germany spent 24.4 billion euros ($26.9 billion) on crude imports in the nine-month period, 8.1% less than a year earlier, BAFA said.

The import volume was 2.6% lower than a year earlier at 63.9 million tonnes, with Norway and Britain together accounting for 23.9% of supply.

OPEC member Libya and Kazakhstan were in fourth and fifth position, while the Organization of the Petroleum Exporting Countries overall contributed 23.8%.

Average prices paid on the border over the nine months fell by 5.6% to 428.67 euros per tonne.

In the Druzhba case, problems remain with the cleaning of pipelines and storage systems after the discovery of excessive levels of organic chlorides that can damage refineries.

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