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 every day Nikkei reported on Wednesday. Its evaluation confirmed there was just one such vessel final yr.

“Transferring oil between ships at sea to cover its origin could proceed even after the oil embargo takes impact,” 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 opposite 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 reveals that Russia exported 23.86 million barrels of oil for ship-to-ship transfers off Greece. Throughout the identical interval final yr, 4.34 million barrels had been shipped for related 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 function that the waters close to Greece play as a hub for oil shipments between Russia and Europe.

For extra tales on economic system & finance go to RT’s business section

LEAVE A REPLY

Please enter your comment!
Please enter your name here