An oil tanker carrying Russian crude is now approaching the shoreline of Brazil after 16 days of journey from a terminal within the Arctic sea.
The Aframax-class tanker Stratos Aurora is now about 500 miles from the Latin American nation’s waters, in keeping with ship monitoring information compiled by Bloomberg. It loaded about 650,000 barrels from Murmansk on Aug. 22 and briefly confirmed vacation spot of Madre De Deus, Brazil, earlier than altering to Atlantic for order.
If the tanker discharges in Brazil, it could be the primary time that Russian crude is being shipped to this South American nation since not less than 2016, the monitoring information present.
Russia has needed to transfer its crude oil to faraway markets from its conventional patrons in western international locations following sanctions after its invasion of Ukraine. Most of its flagship Urals and Arctic grades are purchased by refineries in Asia, particularly India and China.
Though Brazil would symbolize a brand new marketplace for Russian crude, the South American nation already boosted its imports of Russian gas since February.
Crude from Russian Arctic terminals is often shipped to storage amenities at Murmansk, the place cargoes are consolidated for onward supply.