Emily
Editor, Senior Moderator
As long as it gets to the market somehow.
https://worldoil.com/news/2022/8/3/russia-using-tiny-egyptian-port-to-get-oil-to-market/
Russia using tiny Egyptian port to get oil to market
Julian Lee August 03, 2022
(Bloomberg) — Russia appears to have found a new means of getting its oil to market with Western sanctions looming for Moscow.
A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its Mediterranean coast early on July 24. A few hours later, another vessel collected a consignment from the port -- which may have included some or all of the Russian barrels -- according to vessel-tracking data monitored by Bloomberg.
The unusual move makes the cargo’s ultimate destination harder to track, adding to a trend of Russian oil shipments becoming increasingly obscured since European buyers began to shun them following the nation’s invasion of Ukraine...
https://worldoil.com/news/2022/8/3/russia-using-tiny-egyptian-port-to-get-oil-to-market/
Russia using tiny Egyptian port to get oil to market
Julian Lee August 03, 2022
(Bloomberg) — Russia appears to have found a new means of getting its oil to market with Western sanctions looming for Moscow.
A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its Mediterranean coast early on July 24. A few hours later, another vessel collected a consignment from the port -- which may have included some or all of the Russian barrels -- according to vessel-tracking data monitored by Bloomberg.
The unusual move makes the cargo’s ultimate destination harder to track, adding to a trend of Russian oil shipments becoming increasingly obscured since European buyers began to shun them following the nation’s invasion of Ukraine...