Austrian oil imports

Austrian oil imports

Austrian oil imports

A quarter of the EU’s oil needs come from Russia

Only 7.8 percent or 596,000 tons of Austria’s oil imports came from Russia in 2021
Last year, the EU covered around 40 percent of its gas and a quarter of its oil needs with imports from Russia. A complete renunciation of Russian gas therefore seems impossible in the short and medium term. Germany, Austria and Hungary in particular, but also the Czech Republic, Bulgaria and other countries are dependent on Russian gas. Hungary has already announced that it will veto an energy embargo.

Nevertheless, calls for an import ban are growing louder, at least for Russian crude oil – because oil imports are not as dependent on pipeline connections, an embargo would also be easier to implement than for gas. Unlike for Germany, for example, which obtains more than a third of its oil imports from Russia, this would even be comparatively easy for Austria: according to data from Statistics Austria and the Austrian Petroleum Industry Association, only 7.8 percent or 596,000 tons of Austria’s oil imports came from Russia in 2021. “The purchase of oil from Russia was always very low, and with the start of the war we replaced it with other oil from the market,” an OMV spokesman said.
Kazakhstan, Libya and Iraq

Austria’s most important oil supplier has been Kazakhstan for many years, with an import share of 38.9 percent at last count. Libya follows in second and third place with 22.1 percent and Iraq with 20.7 percent. (APA, 4/21/2022)

Source: Der Standard

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