Russia
net exporterAfter 2022 exports were redirected from Europe to India and China.
How much oil?
Produces 9.3 million barrels a day. Uses 45% at home and sells 4.8 million (55%) abroad – 2 supertankers a day.
Where does it go?
| Buyer | share | thousand b/d |
|---|---|---|
| China | 44% | 2,178 |
| India | 37% | 1,848 |
| Turkey | 7% | 350 |
| Belarus | 7% | 350 |
| Hungary / Slovakia | 4% | 182 |
| Czechia | 1% | 55 |
Which way?
- Suez Canal / SUMED37% of exports · 1,848
- Bab el-Mandeb37% of exports · 1,848
- Danish Straits24% of exports · 1,201
- Turkish Straits20% of exports · 997
Real risk: Suez Canal / SUMED – 37% of exports this way. Depends on the situation in the Red Sea; the Ever Given blockage (2021) halted 12% of world trade for 6 days.
Main terminal: Primorsk · Novorossiysk · Kozmino