HomeLatestRussian oil flows to EU through hidden maritime routes Nikkei

Russian oil flows to EU through hidden maritime routes Nikkei

Offshore crude commerce through Greece has been hovering not too long ago, the newspaper writes

Over the previous six months, dozens of vessels have made ship-to-ship transfers of oil off the coast of Greece with tankers that left Russia and later arrived at European ports, enterprise each day Nikkei reported on Wednesday. Its evaluation confirmed there was just one such vessel final yr.

“Transferring oil between ships at sea to hide its origin may continue even after the oil embargo takes effect,” the newspaper mentioned.

It additional revealed that on August 24, it photographed the switch of oil from one tanker to a different within the Laconian Gulf close to southern Greece. One tanker reportedly was the Greek-registered Sea Falcon, which left the Port of Ust-Luga in northwestern Russia on August 4. The different was the Indian-flagged Jag Lok, which departed from the Turkish Port of Aliaga, additionally on August 4. Small boats surrounded the tankers, aiding with the switch, in keeping with the report.

Over the six months by way of August 22, Nikkei has confirmed 175 transfers off the Greek coast involving tankers from Russia. There have been solely 9 such transfers throughout the identical interval final yr, it mentioned. Refinitiv information exhibits that Russia exported 23.86 million barrels of oil for ship-to-ship transfers off Greece. During the identical interval final yr, 4.34 million barrels have been shipped for comparable transfers.

Nikkei tracked the routes of the ships, confirming that 89 tankers arrived at ports, in contrast with solely three such arrivals in 2021. Of these, 41 arrived at ports in Greece, Belgium, and elsewhere in Europe, it wrote, noting that two tankers made port calls in Britain.

The evaluation highlighted the essential position that the waters close to Greece play as a hub for oil shipments between Russia and Europe.

For extra tales on financial system & finance go to RT’s enterprise part