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Saturday, March 25, 2023

North African countries began to “insatiably” buy Russian oil products

Representatives of North African countries began to “insatiably” buy diesel fuel and other petroleum products from Russia, reports the Wall Street Journal (WSJ).

Journalists recalled that in 2021, Tunisia practically did not buy petroleum products from Russia. But the country has in recent months increased its imports of gasoline, naphtha, diesel and gas oil, which are used to make chemicals and plastics. In total, Tunisia received 2.8 million barrels of Russian petroleum products in January, and another 3.1 million barrels of these resources are expected to be delivered in February.

Morocco bought 600,000 barrels of Russian diesel fuel in 2021. And only in January this year did the volume of imports from the Russian Federation increase to 2 million barrels. Analysts also estimated that Morocco could buy an additional 1.2 million barrels in February. A similar interest in petroleum products from Russia is observed in Algeria, Egypt and Libya.

The WSJ noted that the increase in imports to North Africa has coincided with the increase in exports of petroleum products to that country. The countries of this region have replaced European buyers for Moscow, who left because of the sanctions.

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