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Russia Exports Diesel To Saudi Via STS Loadings

OIL PRODUCTS

Russia is ramping up its diesel supplies to Saudi Arabia using ship-to-ship (STS) loadings in addition to direct supplies, market sources said and Refinitiv data showed.

  • Exporters of Russian diesel are trying STS to save on new longer and therefore costly routes following the EU embargo.
  • In February, Russia began direct diesel exports to Saudi Arabia, sending about 190,000 tonnes to the ports of Ras Tanura and Jeddah.
  • STS loadings help to shorten the routes and could save time by going through the Suez Canal, one trader said.
  • Around 99,000 tonnes of diesel from two cargoes loaded in February in the port of Primorsk were transferred ship-to-ship near Kalamata port.
  • Another 30,000 tonnes of gasoil from the tanker Butterfly loaded in the Russian Black Sea port Tuapse were co-loaded on STS near Kalamata port,
  • Russian diesel shipped to Saudi Arabia is most likely to be refined in Saudi Arabia and re-exported, market sources said.

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