Russia can transport to Asia with its fleet 80% of the oil redirected from Europe. This was reported to the TASS agency by the leading analyst of Finam Alexander Potavin.
The Russian fleet can transport to Asia about 80% of the current maritime oil exports from the Russian Federation, while since May the country has redirected two-thirds of the volume of oil supplied by tankers to Europe and the United States to India, China and Turkey, said Finam’s leading analyst Alexander Potavin. However, tanker freight has already more than doubled in price, the expert notes.
According to the International Energy Agency, Russian tanker oil supplies to the US, UK and EU countries have decreased by 2.2 million barrels per day since May, but two-thirds of this volume has been redirected to India, China and Turkey, Potavin said.
“According to our estimates, the Russian fleet of tankers will be enough to ensure the export of oil to Asia by sea by about 80% of the current volumes,” the expert said.
Potavin also stressed that Russia has a fairly large fleet, while the oil capacity of Sovcomflot is about 7 million tons.
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