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Germany buys Russia's oil worth 20 billion euros in 2011

February 27, 2012, 15:31 UTC+3
In 2011 Germany bought 35.5 million tons of oil worth 20 billion euros from Russia
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BERLIN, February 27 (Itar-Tass) —— Russia remains major exporter of oil to Germany – Europe’s biggest economy. The federal statistics authority in Wiesbaden reports that in 2011 Germany bought  35.5 million tons of oil worth 20 billion euros from Russia.

Germany’s total import in 2011 made 87.3 million tons of oil – by 4.3 percent less than in the previous year. Statistics experts say that Germany’s purchases of this natural resource have been falling since 2005, when the country imported 115 million tons. They explain it by a stably growing demand for alternative energy sources.

The total amount of oil deals in 2011 made 51 billion euros, which is by 28.2 percent more than in 2010. At the same time, in 2011 German enterprises paid record average annual 583 euros for a ton of oil. This was a consequence of growth of energy resources prices due to the unstable situation in the Middle East and in Northern Africa, the authority said.

 

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