The source took the following factors into consideration while creating the ranking: the annual purchase volume, the total sum of signed contracts, and the cost of one barrel of crude oil.
The cost of one barrel of oil was individual for each buyer and varied depending on the total volume of purchase.
In 2019, China National United Oil Corporation was reported to be the largest buyer of Russian oil, with a purchased volume of approximately ** million metric tons. Litasco, a subsidiary of Lukoil, ranked second, with **** million metric tons.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
Forbes. (April 23, 2020). Leading companies buying Russian oil in 2019, by volume (in million metric tons) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1207815/largest-companies-buying-russian-oil/
Forbes. "Leading companies buying Russian oil in 2019, by volume (in million metric tons)." Chart. April 23, 2020. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1207815/largest-companies-buying-russian-oil/
Forbes. (2020). Leading companies buying Russian oil in 2019, by volume (in million metric tons). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1207815/largest-companies-buying-russian-oil/
Forbes. "Leading Companies Buying Russian Oil in 2019, by Volume (in Million Metric Tons)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 23 Apr 2020, /statistics/1207815/largest-companies-buying-russian-oil/
Forbes, Leading companies buying Russian oil in 2019, by volume (in million metric tons) ÌÇÐÄÆƽâ°æ, /statistics/1207815/largest-companies-buying-russian-oil/ (last visited July 31, 2026)
Leading companies buying Russian oil in 2019, by volume (in million metric tons) [Graph], Forbes, April 23, 2020. [Online]. Available: /statistics/1207815/largest-companies-buying-russian-oil/
