In 2019, China National United Oil Corporation was reported to be the largest buyer of Russian oil, with a purchased volume of approximately 40 million metric tons. Litasco, a subsidiary of Lukoil, ranked second, with 38.3 million metric tons.
Leading companies buying Russian oil in 2019, by volume
(in million metric tons)
The source took the following factors into consideration while creating the ranking: the annual purchase volume, the total sum of signed contracts, and the cost of one barrel of crude oil.
The cost of one barrel of oil was individual for each buyer and varied depending on the total volume of purchase.
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Forbes. (April 23, 2020). Leading companies buying Russian oil in 2019, by volume (in million metric tons) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1207815/largest-companies-buying-russian-oil/
Forbes. "Leading companies buying Russian oil in 2019, by volume (in million metric tons)." Chart. April 23, 2020. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1207815/largest-companies-buying-russian-oil/
Forbes. (2020). Leading companies buying Russian oil in 2019, by volume (in million metric tons). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1207815/largest-companies-buying-russian-oil/
Forbes. "Leading Companies Buying Russian Oil in 2019, by Volume (in Million Metric Tons)." Statista, Statista Inc., 23 Apr 2020, https://www.statista.com/statistics/1207815/largest-companies-buying-russian-oil/
Forbes, Leading companies buying Russian oil in 2019, by volume (in million metric tons) Statista, https://www.statista.com/statistics/1207815/largest-companies-buying-russian-oil/ (last visited December 30, 2024)
Leading companies buying Russian oil in 2019, by volume (in million metric tons) [Graph], Forbes, April 23, 2020. [Online]. Available: https://www.statista.com/statistics/1207815/largest-companies-buying-russian-oil/
Oil industry in the U.S.
