Tuesday, February 27, 2024

US increases oil exports to Spain by 31%

The United States led Spain’s oil exports in 2023, the year in which it increased its shipments to the country by 31.2%, while Nigeria, which has led sales in recent years, fell to fourth place later it was reduced to 21.4%.

According to statistics from the Corporation of Strategic Reserves of Petroleum Products (Cores), this African country accounted for 6.38 million tons (Mt) of crude oil sent to Spain last year, 10.4% of the total, 2.4 points under 2022 in general. .

Further, the United States reached 8.71 Mt of crude oil exported to Spain. Its share increased by 5.1 points, to 14.1%.

In second place, Mexico sent 7.04 Mt of crude oil to Spain, increasing its sales by 14.9%. As a result, its share increased to 11.4%, 1.8 points more than in 2022.

In the third position can be found in Brazil, which surpassed Nigeria by reaching 6.64 Mt of oil sent to Spain, 22.9% more than last year. It exported 10.8% of the total crude oil that arrived in the country, 2.3 points more than in 2022.

Behind Nigeria can be seen Libya, which accounted for 4.35 MT, after reducing its shipments to Spain by 13.1%. Its presence decreased by 8 tenths, from 7.9% in 2022 to 7.1% last year.

The most important increase in countries with a significant contribution to Spanish refineries is Angola, which accounted for 4.17 Mt of oil sent to the country, 79.9% more. Its share stands at 6.8%, after being below 5% in 2022.

Behind, Saudi Arabia lowered its crude oil exports to Spain by 13.9%, to 4.11 Mt. Therefore, its contribution was reduced to 6.7%, 0.8 points lower than in 2022 as a whole.

Other countries that cut their shipments to Spain are Iraq, with 3.11 Mt, 40.3% less and 5.1% of the total (8.2% in 2022), and Kazakhstan, which exports 3.09 Mt of crude oil in the country, 6.4% less and 5. % of the total (5.2% in 2022).

Likewise, Canada exports 2.91 Mt to Spain, Algeria 2.45 Mt, Azerbaijan 1.52 Mt, Venezuela 1.39 Mt, Norway 1.28 Mt, Colombia 1.04 Mt, Equatorial Guinea 0.78 Mt, Albania 0.42 Mt, Italy 0.30 Mt, Ecuador 0.36 Mt, United Kingdom 0.15 Mt, Trinidad and Tobago 0.15 Mt, Egypt 0.14 Mt, Ghana 0.13 Mt, Gabon 0.13 Mt and Tunisia 0.02 Mt. Spain stopped receiving crude oil from Russia, the United Arab Emirates and Cameroon.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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