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Greece Extends Naval Advisory to Deter Russian STS Oil Transfers

OIL

The Greek navy May 8 has extended an advisory banning STS activity off its coastline in the southern Peloponnese until May 19, a move aimed at deterring STS transfers of Russian oil, Reuters said.

  • Greece has issued two NAVTEX notices for military exercises in the Laconian Gulf area, urging merchant and other vessels to stay clear.
  • The first was issued May 1 and was extended after being due to expire May 9.
  • The wider Laconian Gulf has become a hub for STS transfers, as traders of Russian oil look for sanctions’ loopholes.
  • These vessels are positioned beyond the limit of six nautical miles from the shore to circumvents checks by Greek authorities, Reuters said.
  • Consequently, the NAVTEX advisory is an indirect way to prevent these activities.
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