Most of the crude being processed at the Lukoil refinery in Sicily, the fifth largest in Europe, comes from Russia.
. If sanctioned Russian oil is processed in a refinery in a country outside of Russia, it becomes a product of that country. In this case, Russia’s second-largest oil and gas company, Lukoil, is processing Russian crude in its Italian refinery and exporting it to the U.S. to be bought by companies, such as ExxonMobil, without violating any sanctions.
The U.S. imposed sanctions on Russian oil and gas in February this year, following Russia’s unlawful invasion of Ukraine. However, Lukoil, which has a presence in the U.S., has not been sanctioned and continues to distribute oil products in 11 states. Refined Russian oil is reaching the U.S. market, purchased by companies including ExxonMobil, via its oil terminal in Baytown, Texas, near Houston, and by Lukoil’s trading arm Litasco.
Earlier this year, the was talk of boycotting Lukoil in the U.S., but reports suggested that it would hurt gas station owners more than the Russian company. In February, following the start of the Russia-Ukraine conflict, the hashtag #BoycottLukoil was trending, with American citizens suggesting that the country should boycott the Russian oil company. Lukoil has around 230 branded gas stations in the U.S.
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