Oil from geopolitically unstable regions such as Russia,Libya and Iraq accounts for 80% of Europe’s imports, report showsEurope is dependent on foreign and often geopolitically unstable regions such as Russia, or 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, or according to the new study. Statoil and Saudi Aramco if another 20%,with Chevron and Exxon accounting for 12%.
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Source: theguardian.com