In 2022 Spain reduces its reliance on Russian oil by 73%

Russian oil imports by Spain will fall by 73% in annual terms in 2022, according to EFE news agency, citing CORES - the corporation of strategic petroleum reserves, Azernews reports citing TASS.

According to CORES, Russian oil imports lost 73% in 2022, while total oil purchases by Spain gained 13.2% at the same time. Spain imported 63.59 mln metric tons of crude oil in 2022.

Nigeria was the top supplies of raw hydrocarbons to the Kingdom in 2022 (12.8% of imports), followed by the US (10.4%) and Mexico (9.6%).

Spain halted Russian oil imports since August 2022, according to CORES, and the share of Russian hydrocarbon feedstock fell from 4.6% in total Spanish oil imports in 2021 to 1.1% in 2022.