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Russian Oil Products Arriving into Europe: Exolum CEO

OIL PRODUCTS

Sanctioned Russian oil products may be entering Europe via third countries and there is no way to prevent it according to CEO of Spanish oil transportation firm Exolum.

  • It echoes similar comments by Repsol’s CEO in recent weeks which prompted the Spanish government to claim there was no evidence of it happening.
  • “As far as we know, Russian products are not entering our system directly,” he said, but “Russian molecules” may be entering Spain Exolum’s CEO said.
  • Repsol’s CEO said the volume of Russian diesel arriving into Europe via third nations was one of the reasons diesel margins had been depressed despite sanctions.
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