The oil is mixed in an Egyptian port, making it difficult to track the cargo’s final destination.
Russia has found a new way to get its oil to market under Western sanctions. The oil is mixed in an Egyptian port, making it difficult to track the cargo’s final destination. Bloomberg reported this.
It was noted that a cargo of about 700,000 barrels of Russian oil was delivered to the Egyptian oil terminal of El Hamra on the Mediterranean coast on the morning of July 24. A few hours later, another ship took the cargo from the port, which may include part or all of Russian oil.
The publication wrote that Russia’s oil supplies are becoming more hidden as European buyers began to shun them after the country’s invasion of Ukraine.
Al Hamra, operated by the Egyptian Western Desert Operating Petroleum Co., reportedly has six storage tanks capable of holding 1.5 million barrels of crude oil. The terminal was built to transship crude oil produced in Egypt’s western desert, allowing Russian barrels to be mixed with local volumes.
A few hours after the first tanker – Crested – left El Hamra, another arrived, Chris. The ship had been at the terminal for several days, but moved away from the berth to allow Crested to land.
When Chris left El Hamra on July 28, it was nearly full. It is currently moored at the Ras Shuheir oil terminal on the Red Sea coast in Egypt. This terminal also allows Russian oil to be mixed with Egyptian barrels.
It was noted that the Russian Federation uses Egypt as a transit route for fuel oil. Whether Al-Hamra is a one-time port or will become a more widely used port for Russian oil flows remains to be seen.
Previously, tankers carrying Russian oil transshipped cargo from ship to ship out of the Spanish city of Ceuta in North Africa, and more recently in the central Atlantic Ocean.
Another transshipment of crude oil took place in June off Johor, near Singapore. The area has become a transit point for Iranian oil shipments bound for China.
Recall that the leaders of the EU countries agreed on the sixth package of sanctions against Russia for its aggression in Ukraine, in particular, they agreed to impose an embargo on the import of two-thirds of Russian oil.
The G7 countries intend to impose restrictions on the price of Russian oil at the beginning of winter.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.