The oil war begins – 24 hours

US oil from Russia, gas and banned the import of coal. That’s it Ukraine During his speech on the situation around, US President Co. Biden he said. President stressed in his speech that, the United States with this decision Russia targeted the main artery of the economy: “We have all the oil from Russia, gas and We ban the import of energy. That is what it means that, Russia oil will no longer be able to enter US ports and American people Russia It will deal another blow to President Vladimir Putin’s war machine. This is in Congress and I believe that, is a step with strong bipartisan support in the country. Americans Ukraine gathered to support their people and They have made it clear that we will not participate in subsidizing Putin’s war. We make this decision our allies in the world, especially in Europe and We accepted it after close consultations with our partners. “

Great after the United States Britain Russia’s oil by the end of 2022 and will refuse to import oil products. It’s the Kingdom’s business, energy and Minister of Industrial Strategy Quasi Quarteng said. According to him according toabandon the market, companies and Great for suppliers Britain Russia, which accounts for 8% of demand, will have enough time to replace imports.

The Minister noted that, kingdom USA, Netherlands and It will work with the Gulf countries to supply more oil: “The market has already begun to exclude Russian oil and its almost that, 70% still can’t find a buyer “. He also said that, London Russia gasis exploring the possibility of stopping the country’s imports. The Minister noted that, At present, the share of Russian gas in the kingdom is 4%.

British Petroleum (BP), a British transnational oil and gas company, also imports oil from Russia and has stated its intention not to conclude new gas deals. This is stated in a statement by a company representative. In addition, the oil and gas giant Shell has announced that it has cut ties with the Russian oil and gas sector.

Commenting on the US decision, economist Rovshan Agayev said that, Unlike Europe, this decision is easier for the United States. “Because Russia has only a 3% share in its oil imports. Canada accounts for 62% of US oil imports, Mexico 10%, Saudi Arabia, Colombia, Iraq and Ecuador together has a share of about 15%.

According to the expert according toRussia’s role in meeting Europe’s oil needs 20not less than%: “The Netherlands and In Germany it is higher – around 25%. However, Europe In the short term, the chances of finding an alternative to Russian oil and gas are more realistic.

To R.Agayev according toEven more deadly sanctions for the Russian economy could be its isolation from global oil markets, even if it retains the ability to export gas. “Because most of its resource revenues come from oil. For example, in 2021 – even in a year when gas prices are higher – Russia’s $ 250 billion. only 25% of dollar resource revenues and or 62 billion. dollarsformed from gas exports. The remaining 75% of crude oil and fell to the share of oil products “– stressed the economist.

The head of the Oil Research Center, Ilham Shaban, said how much energy Russia sells to the United States. According to him according toMost of Russia’s energy supply to this country is not oil, but oil products. “This is evidenced by the statistics of the Energy Information Administration (EIA) of the US Department of Energy”– said the expert.

I.Shaban says that, to the supply of petroleum products to the United States according toRussia is second only to Canada in 2021 – 172.586 million barrels: “The volume of oil products imported to the United States last year 20% fell to Russia. At the same time, only 72.608 million barrels of crude oil were delivered from Russia to the United States last year. This is the fourth result after Canada, Mexico and Saudi Arabia. Russia’s share in the total volume of imported oil was only 3.3%. US total oil for 2021 and Russia’s share in oil imports was 7.9%”.

Today Europe The union has announced an action plan to eliminate energy dependence on Russia in the short term.

Recall that, Last week, the International Energy Agency also submitted its proposals to the Union. The agency offered 10 About 150 billion rubles will be received from Russia by the end of 2022. 50 billion cubic meters of gas indicated that it was possible to reduce the cubic meter.

EU experts report 67% of gas dependence on Russia in the next 9 months and ya 100 billion showed that cube reduction is possible.

Experts say 100 billion will be rejected. The following sources are cited as alternatives to Russian gas:

1) 50 billion. cube at the expense of new LNG contracts

2) Algeria, Azerbaijan and An additional $ 10 billion from Norway through pipeline infrastructure. cubic gas

3) energy efficiency and increase savings, increase electricity production through alternative energy sources about 35 billion. cubic meters of gas will save money.

Economist Rovshan Agayev reports that, is a rather ambitious target for a very short time. According to him according toat the end of the year it will be possible to see to what extent the plan is justified:

“According to the plan, April The obligation of all members of the union to comply with underground gas storage facilities will also be approved in the coming months. According to this standard, 90% of the existing warehouses must be filled by October 1..

R.Agayev reports that, to the latest statistics according to, Europe Annual crude oil imports to 770 mln. tons and About 18% of this (140 million tons) falls on Russia. “The continent’s natural gas consumption is $ 500 billion. cubic meters that, Turkey approx 20 billion Dependence on Russia excluding cubic meters imports 35% and or 160 billion. cubic meters “– he noted.

According to the economist according toVenezuela of the Western Coalition and Consideration of Iran’s return to the market, Canada’s annual production of $ 50 million. The statement that it is possible to increase it up to a ton indicates this that, Opportunities to give up Russian oil seem real: “Even Russian experts have their own calculations according to, US shale oil production is 1.5 million barrels per day. Taking into account the potential to increase barrels, in the next 6-8 months, taking into account all the above sources, the world market will receive an additional 5 million barrels per day. barrels of oil can be extracted. This is the entire volume of oil that Russia plans to squeeze out of the world market compensation enough to do “.

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