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Over 23mn bbls of Russian Oil Transferred Off Greece This Year

OIL

At least 23 million barrels of Russian crude and additional volumes of refined fuels have been transfered via ship-to-ship transfer in the Bay of Lakonikos – just off Greece - since the start of this year according to Bloomberg vessel tracking.

  • There has been similar activity near Ceuta, a Spanish enclave in north Africa.
  • The STS locations are being used to shuttle Russian oil onto larger tankers bound for Asia.
  • Many of the vessels involved are old and their insurance status is unclear.

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