THE first russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another ship, defying US sanctions, reports Bloomberg.
The 158,070-dwt tanker SCF Primorye was sanctioned by the US Treasury's Office of Foreign Assets Control in October, after which it didn't load oil again for about six months, said the report.
But in late April, the tanker went to Russia's Black Sea port of Novorossiysk and collected a cargo of Urals crude before embarking on a 7,500-mile voyage to a location about 70 miles east of Singapore.
Russia has shipped 3.4 million barrels a day of crude so far this year, valued at about US$37 billion at the point of export, and working around western sanctions has been part of that.
Oil proceeds to the state budget increased almost 50 per cent in May from a year ago, as its crude prices rose and the nation adapted to the measures.
The SCF Primorye, which was holding a million barrels of oil, is owned by Russian state oil tanker company Sovcomflot PJSC. The company declined to comment.
SeaNews Turkey
The 158,070-dwt tanker SCF Primorye was sanctioned by the US Treasury's Office of Foreign Assets Control in October, after which it didn't load oil again for about six months, said the report.
But in late April, the tanker went to Russia's Black Sea port of Novorossiysk and collected a cargo of Urals crude before embarking on a 7,500-mile voyage to a location about 70 miles east of Singapore.
Russia has shipped 3.4 million barrels a day of crude so far this year, valued at about US$37 billion at the point of export, and working around western sanctions has been part of that.
Oil proceeds to the state budget increased almost 50 per cent in May from a year ago, as its crude prices rose and the nation adapted to the measures.
The SCF Primorye, which was holding a million barrels of oil, is owned by Russian state oil tanker company Sovcomflot PJSC. The company declined to comment.
SeaNews Turkey