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Sanctioned Oil Tanker Heads to Texas

OIL

An oil tanker, the Yasa Golden Bosphorus, recently sanctioned by the US for breaching the Russia oil price cap is headed to Texas for unloading, according to Reuters.

  • The tanker is currently being chartered by Exxon Mobil under a three-month time-charter., ExxonMobil was not targeted by the sanctions.
  • Turkey-based Ice Pearl Navigation SA, owner of the Yasa Golden Bosphorus, was sanctioned after the US Treasury said carried Russian ESPO crude priced above $80 a barrel, after the cap took effect in December last year.
  • The US treasury also sanctioned UAE-based Lumber Marine SA, owner of the SCF Primoyre, which the US Treasury said was carrying Novy Port Russian crude above $75 per barrel.
Energy BulletsCommodities
Energy BulletsCommodities

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