With western sanctions looming and many nations shunning it, Russia appears to have discovered a new gateway for its crude, with Bloomberg reporting that Moscow has for the first time ever used Egypt’s El Hamra oil terminal on its Mediterranean coast. The first shipment took place on July 24, with 700,000 barrels of oil offloaded before another vessel collected a consignment from the port just a few hours later.
According to vessel-tracking data by Bloomberg, there are speculations that the consignments may have included some or all…Egyptian Port Serves As New Route For Russian Oil
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