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Germany's Jan-Nov oil import bill down 22.9pc, volume up

FRANKFURT: Germany spent 23.

Published January 10, 2017 Updated January 10, 2017 03:36pm

1 min

By Shoaib Ur Rehman

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FRANKFURT: Germany spent 23.3 billion euros ($24.7 billion) on crude oil imports in the first 11 months of 2016, 22.9 percent less than a year earlier due to lower prices, while volumes rose slightly, BAFA foreign trade office data showed on Tuesday.

Russia was top supplier, shipping 39.0 percent of the total, up from 35.3 percent a year earlier despite calls from the European Commission for EU members to diversify away from Russian energy supplies.

The British and Norwegian North Sea supplied 23.2 percent of the total while 14.8 percent came from OPEC members, BAFA said in a statement.

Germany imported oil from 33 specified countries in the period under review.

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