In June this year, Saudi Arabia bought a record amount of oil from Russia at discounted rates, which will meet the country’s demand to generate energy during the summer.
According to foreign news agency, Saudi Arabia bought 193 thousand barrels of oil per day from Russia in June.
Saudi Arabia has increased its oil imports from Russia after the European Union imposed a ban on Russian products.
In the first half of 2023, oil imports from Russia were 2.86 million metric tons.
Last year, Saudi Arabia bought 1.63 million metric tons of oil from Russia.
Experts have predicted that Saudi Arabia will increase its oil exports to 1.2 million metric tons in July, compared to 7.5 million metric tons in June.
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