Free Trial

Albania Seized Oil Cargo Suspected Coming From Russia

OIL

Albania has seized an oil tanker carrying 22,500 tonnes of oil suspected of coming from Russia and arrested the crew for breaching a Western embargo, Albanian police said.

  • The Liberian-registered oil and chemical tanker was seized in the coastal town of Durres. "The tanker departed from Azerbaijan and was allegedly loaded with oil at Greece's Kalamata port, from another tanker with the amount of 22,500 tonnes of diesel fuel."
  • "From the first steps of investigation it is suspected that this oil shipment is coming from countries under an oil embargo, especially from Russia," police said.
  • On 10 Feb Spain's Tarragona port refused entry to the Singapore-flagged Maersk Magellan after its cargo of oil products was found to have previously been carried by a vessel that was formerly Russian flagged.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.