Oil from geopolitically unstable regions such as Russia, Libya and Iraq accounts for 80% of Europe’s imports, report shows
Europe is dependent on foreign and often geopolitically unstable regions such as Russia, Libya and Iraq for 80% of its imported oil, according to a report.
Rosneft and Lukoil are the two companies benefiting most from the EU’s current oil imports regime, supplying a third of the continent’s imported crude in 2015, according to the new study. Statoil and Saudi Aramco provided another 20%, with Chevron and Exxon accounting for 12%.