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☆ Western officials in talks with Turkey over oil tanker delays -UK
  + stars: | 2022-12-07 | by ( Noah Browning Alistair Smout | Noah Browning | Alistair Smout | ) www.reuters.com   time to read: +3 min
[1/2] Oil product tanker Lila Fujairah sails in the Bosphorus, on its way to the Mediterranean Sea, in Istanbul, Turkey December 6, 2022. REUTERS/Yoruk IsikCompanies Ingosstrakh SPAO FollowLONDON, Dec 7 (Reuters) - Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports. "The UK, U.S. and EU are working closely with the Turkish government and the shipping and insurance industries to clarify the implementation of the Oil Price Cap and reach a resolution," the official told Reuters. At least 20 oil tankers continue to face delays to cross from Russia's Black Sea ports to the Mediterranean as operators race to adhere to the Turkish rules. "The (insurers) have agreed that they cannot and should not issue such a letter," UK P&I said in a statement on its website.
☆ Russia is concerned over oil tankers build-up in Bosphorus - RIA
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The Maltese-flagged crude oil tanker Minerva Baltica sails in the Bosphorus, on its way to the Black Sea, in Istanbul, Turkey December 5, 2022. REUTERS/Yoruk Isik/File PhotoMOSCOW, Dec 7 (Reuters) - Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the issue with insurance and transport companies, RIA cited Russian deputy foreign minister Alexander Grushko as saying on Wednesday. After all, insurance companies insure, not the state," Grushko is quoted as saying. The European Union banned all seaborne Russian crude imports from Dec. 5, with a fuel import ban to follow in February. Kazakhstan, a large oil exporter, said on Wednesday that the build-up of the oil tankers at the Bosphorus is normal during the winter season.
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