Home Economy Tankers that previously transported Iranian oil began transporting oil from Russia

Tankers that previously transported Iranian oil began transporting oil from Russia

Tankers that previously carried Iranian oil have already made 16 voyages with Russian oil and oil products. This was reported by Bloomberg on July 22, citing analytical data from the industry operator Vortexa.

They talk about 11 ships of companies that have been operating in this mode since April and have already gained experience in transporting oil under sanctions.

According to crude oil market analyst Armen Azizyan, most of the tankers carrying Russian oil belong to the Aframax class, with a capacity of about 730,000 barrels. However, the sanctioned fleet also has larger tankers capable of carrying up to 2 million barrels of fuel.

“As more shippers and insurers refuse to ship Russian oil after the start of the , the remaining tankers, still willing to make such delicate deals, may charge higher prices,” the agency said.

In the first half of July, tanker deliveries of oil to Asian buyers allowed Russia to raise oil exports again to 250,000 barrels per day in the first half of July, while exports were only 80,000 barrels per day in April.

On July 20, it was reported that Russia became the largest supplier of oil to China for the second month in a row. According to the data of the General Administration of Customs of the People’s Republic of China, in June, imports of Russian oil to China amounted to 7.29 million tons, which is 10% higher than a year ago. In May, Moscow delivered 8.42 million tons to Beijing.

Prior to this, on June 6, the British newspaper The Independent stated that after the introduction of a partial oil embargo by the European Union, oil shipments from Russia doubled, in particular to India and China. The refusal of European shipping companies to supply oil from Russia, as the newspaper notes, allowed the remaining carriers to receive “mad profits”, as well as replenish Moscow’s budget by billions of dollars.

On June 2, the EU countries agreed on the sixth package of sanctions against Russia. It includes, among other things, the phasing out of the Union countries from the import of Russian oil transported by sea within six months, oil products – within eight months. By the end of the year, the union expects to abandon almost 90% of Russian oil imports.

Moscow, in turn, has repeatedly declared the self-destructive consequences of sanctions. It was noted that the restrictions primarily harm the residents of the EU countries themselves, and Russia will “worthily” withstand all restrictions.

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