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Top related persons:
Orlen - 1 Russia's Zarubezhneft - 1 Sidi Kerir - 1 Nissos Delos - 1 Marek Strzelecki - 1 Maha El - 1 Barbara Lewis - 1
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Asia Lithuania Poland Russian Russia Ukraine Moscow ASIA
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MOSCOW - 1 Group - 1 European Union - 1 Botafogo - 1 TMS - 1 Kyklades - 1 Saudi Aramco - 1 Thomson - 1

Search resuls for: "Kyklades"


3 mentions found


☆ Exclusive: Poland charters tankers used for Russian oil to import Arab crude
  + stars: | 2023-08-31 | by ( ) www.reuters.com   time to read: +4 min
Many oil majors have avoided contracting tankers that have carried Russian crude because of the risk of sanctions and self-imposed restrictions. Under the price cap, western companies can ship and provide insurance for Russian oil and products provided they are sold at less than $60 per barrel. "Dead freight is one of the issues when working with Russian oil as not all companies agree to use ships involved in Urals deliveries," the trader said. Orlen said it was not involved in any Russian oil shipping and it screened all vessels it uses to ensure no Russian sanctions are violated. Russian oil has been mostly shipped to Asia following the EU embargo.
Persons: Orlen, Russia's Zarubezhneft, Sidi Kerir, Nissos Delos, Marek Strzelecki, Maha El, Barbara Lewis Organizations: MOSCOW, Group, European Union, Botafogo, TMS, Kyklades, Saudi Aramco, Reuters, Thomson Locations: Asia, Lithuania, Poland, Russian, Russia, Ukraine, Moscow, ASIA, Poland's Gdansk, Lithuania's, Russian Baltic, Baltic, Primorsk, Mundra, West India, Saudi, Sidi, Gdansk, Waikiki, Bonita, Nissos, Calida, Butinge, Russia's, Ust, India, Warsaw, Maha, Maha El Dahan, Dubai
☆ Lost Russian oil revenue is bonanza for shippers, refiners
  + stars: | 2023-02-08 | by ( Dmitry Zhdannikov Chen Aizhu Nidhi Verma | Dmitry Zhdannikov | Chen Aizhu | ) www.reuters.com   time to read: +8 min
"Judging by the customs statistics, some of the benefit was captured by refiners in India and China, but the main beneficiaries must be oil shippers, intermediaries and the Russian oil companies," he added. As a further complication, some Russian oil grades, including Pacific grade ESPO, are also worth more than Urals. After decades of low profits or losses, sections of the global shipping industry are enjoying a financial boom from moving Russian oil. A year ago, a similar journey would have cost a seller of Russian oil $0.5-$1.0 million depending on shipping rates. Nayara is 49%-owned by Russian state oil major Rosneft, run by Putin's ally Igor Sechin, meaning some of the profits are indirectly captured by Russia.
☆ Western tankers ramp up Russian oil shipments under price cap
  + stars: | 2023-02-01 | by ( ) www.reuters.com   time to read: +4 min
The Group of Seven nations (G7), Australia and the 27 European Union countries placed a price limit on Russian crude oil of $60 per barrel on Dec. 5. The cap allows non-EU countries to import seaborne Russian crude oil, but prohibits Western shipping and insurance companies from handling cargoes of the crude unless it is sold at or below that price. Russia has said it will not accept an oil price cap. GREEK RELIEFGreek-owned ships run by Greek management firms handled at least 21 voyages of Russian crude in January to a range of destinations. NGM said its tanker, the Ace, had discharged crude oil in Bulgaria.
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