Germany's Jan-March oil import bill down 39.1 percent yr/yr

May 06, 2015 12:00 AM

Germany spent 8.1 billion euros ($9.1 billion) on crude oil imports in the first three months of 2015, down 39.1 percent from a year earlier thanks to lower prices, BAFA foreign trade office data showed.

Russia supplied 33.9 percent of the total, 28.1 percent came from the British and Norwegian North Sea and while 16.4 percent was from OPEC members, BAFA said.

Russia supplied 36.3 percent of German imports a year ago, showing there has been relatively little change, despite the Ukraine crisis and European Commission calls for EU member states to diversify away from Russian energy imports.

Crude oil imports: (figures allow for rounding errors)
Jan-Mar     Jan-Mar   Pct
2015        2014     change

Import bill                           8.1        13.3    - 39.1
(bln euros)                                       
Import volume                   22.4        22.3    +  0.5
(mln tonnes)                                      
Average border price       360.27      595.04    - 39.5
(euros/tonne)                                     

Data on specific crude oil import origins, 30 in total, can be found at:

http://www.bafa.de/bafa/de/energie/mineraloel_rohoel/engergieinfo_rohoel/2015/maerz.pdf

($1 = 0.8900 euros)

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