European imports from FSU continue to increase - OECD

According to OECD, Europe took 33% or 3.35 mbd of its oil imports from the Former Soviet Union during the first quarter of 2003. The same figure for 2001 was 2.87 mbd and for 2000 2.59 mbd. In 1993 Europe imported 1.08 mbd of crude oil from FSU, which means that imports from this area have more than tripled over the last 10 years. About a third (4.12 mbd) of the European oil imports came from OPEC in 2002, 16% (1.99 mbd) from Norway and 7% (0.92 mbd) from UK. Total European crude oil imports 1Q2003 were 12.55 mbd, in 2002 12.43 and in 2001 12.6 mbd, according to OECD.

The origins of European oil crude oil imports in 2002 were:

Exporter

mbd

% share

Norway

1.987

16

UK

0.924

7

Others OECD

0.015

0

Total OPEC

4.116

33

Former USSR

3.353

27

Others

2.961

24

Total

12.43

100

European imports of oil products are also increasing and were 0.86 mbd in 2002, up from 0.72 mbd in 2001. Total European oil products 1Q03 were 4.87 mbd, of which 0.74 mbd came from FSU.

The origins of European oil products imports in 2002 were:

 

Exporter

mbd

% share

Former USSR

0.86

17

Netherlands

0.75

15

Total OPEC

0.47

10

United Kingdom

0.44

9

Belgium

0.36

7

Germany

0.25

5

France

0.18

4

US

0.22

4

Others OECD

0.27

5

Others

1.17

24

Total

4.97

100

More information on the development in European crude and products imports can be downloaded from the INTERTANKO web site.