September 27, 2023 4:38 am

EU boosts import of Russian oil significantly, claims RT Business News

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The Czech Republic has experienced a significant surge in its imports of Russian oil in the first half of this year, despite its plans to reduce reliance on Russia as a supplier. State oil pipeline operator Mero revealed that Russian oil accounted for 65% of the Czech Republic’s total oil imports in the first six months of 2023, a substantial increase from 56% in 2022 and 49% in 2021.

This surge in imports occurred even in the face of the European Union’s sanctions on Russia. The Czech Republic recorded its highest intake of Russian oil since 2012, importing crude via the Druzhba pipeline. Barbora Putzova, spokesperson for Mero, confirmed that the share of oil imports from Russia during this period was 65.35%.

The Czech Republic primarily receives oil supply from two sources – the Druzhba pipeline from Russia and the IKL pipeline from Germany, which is connected to the TAL pipeline from Italy. Although the European Union implemented wide-ranging sanctions on Russia, allowing seaborne oil imports to be banned as of December last year, pipeline deliveries have received temporary exemptions from the embargo.

The Druzhba pipeline, one of the longest pipeline networks in the world, stretches 4,000km and carries crude oil from Russia to various refineries in the Czech Republic, Germany, Hungary, Poland, and Slovakia.

Despite the Czech Republic’s desire to reduce its dependence on Russian oil, the country has received an exemption from EU sanctions due to its inability to meet its needs of approximately 7 million metric tons per year through alternative routes such as the IKL and TAL pipelines.

The reliance on Russian oil imports raises concerns over energy security and political dependence on Russia. However, the Czech Republic’s limited alternatives and inability to meet its oil needs from other sources complicate efforts to reduce reliance on Russian oil.

It is essential for the Czech Republic to diversify its energy sources and increase investment in alternative energy sectors to strengthen its energy security and reduce political vulnerability. Expanding cooperation with neighboring countries and exploring renewable energy options would be important steps in achieving these goals.

In conclusion, the Czech Republic has witnessed a surge in Russian oil imports despite its plans to reduce reliance on Russia as a supplier. The country’s exemption from EU sanctions underscores its struggles to meet its energy needs through alternative routes. Diversification and investment in alternative energy sources are crucial for enhancing energy security and reducing political dependence on Russia.

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Original Source: EU boosts import of Russian oil significantly, claims RT Business News

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