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India Could Face Impact If Bosphorus Oil Tanker Congestion Persits

OIL

The oil tanker congestion in the Turkish straits is not expected to impact the flow of Russian crude to India for now, but it could become more difficult if it persists beyond another week, senior government officials told Business Standard.

  • "The situation is not detrimental to the flow of Russian crude currently. We are keeping a tab on it," an official said.
  • Some 30 oil tankers have jammed up in front of Turkey’s Bosphorus Strait as the government demands insurance papers from oil vessels passing the straits.

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