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    Home > Chemicals Industry > Petrochemical News > The West pushed for an embargo on Russian oil? Russian media: It will be difficult to find an alternative country

    The West pushed for an embargo on Russian oil? Russian media: It will be difficult to find an alternative country

    • Last Update: 2023-02-23
    • Source: Internet
    • Author: User
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    On May 15, local time, the Russia Today website published an article
    entitled "Can the West Survive Without Russian Oil".
    The countries currently pushing for the embargo on Russian oil may not find a suitable oil supplier like Russia
    .

    The article analyzes
    the ability of several countries and regions to become alternative sources of supply of Russian oil.
    First of all, on the U.
    S.
    side, the U.
    S.
    may sell more oil to Europe by increasing production, but U.
    S.
    oil has a low carbon content and is not suitable for producing diesel and gasoline
    needed by the European market.
    Canada is the world's fifth-largest oil producer and has the world's third-largest proven oil reserves
    .
    However, the country's pipeline capacity and export infrastructure are limited, and almost all of its oil is delivered to the North American market at low prices, making it difficult to transport to the European market
    .
    The Middle East is home to nearly half of the world's proven oil reserves, but underinvestment in infrastructure, political conflict and sanctions on Iran could undermine the Middle East's ability to
    become an alternative supplier.

    Kazakhstan has the largest proven oil reserves in the Caspian Sea region, but most of its oil needs to be exported through Russian oil pipelines, and Russia may not allow Kazakh oil to enter Europe
    .

    Norway is Europe's second-largest oil supplier after Russia, but supplies less than a third
    of Russia's.
    Although Norway has said it will provide new oil drilling permits, new drilling sites will still take a long time to explore and develop, and Europe may not have enough time to wait
    .

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