KYIV.UkraineGate , 25 , April , 2022 | World News.
The shipping unit of the French TotalEnergies pre-chartered a tanker to ship oil from Abu Dhabi in early May to Europe. This is the first such shipment in two years, according to traders and a delivery report released on Monday, according to Reuters.
Details
CSSSA, the shipping division of TotalEnergies, chartered the SUezmax Moscow Spirit tanker to ship 1 million barrels of Murban oil from the port of Jebel Danna in the United Arab Emirates to the UK on May 1-3, the report said.
According to Refinitiv Eikon, Das oil from Abu Dhabi was last shipped to Italy in May 2020.
This opportunity for Middle Eastern oil bound for Europe opened after European buyers gave up Russian oil after Russia’s invasion of Ukraine.
“More consignments of oil from Abu Dhabi – Murban, Das and Upper Zakum – are expected to be shipped to Europe in the coming months to make up for Russia’s oil shortage as the European Union prepares new sanctions on Russian oil imports,” said traders. it may lead to the diversion of some supplies planned for Asia, “the agency said.
According to one trader, the global trade flow is being “rebuilt” to reflect changes in Russian oil supplies.
Addition
Russia is the largest supplier of oil to Europe, providing 26% of imported oil in 2020.
Source: Ukrgate
