Oil tanker. File photoMOSCOW, Apr 27Indian state-owned energy company Oil and Natural Gas Corp (ONGC) is trying to find a ship to carry 700,000 barrels of Russian crude oil amid sanctions against Russia, Reuters reported, citing sources .According to the agency, oil is usually delivered from the De-Kastri terminal on ice-class ships to South Korea, where it is loaded onto a tanker. From there, ONGC exports oil to buyers in North Asia.
The mysterious adventures of Russian oil provide flight insurance coverage. It is noted that shipping companies are «less willing» to transport Russian oil to Asia, as they fear additional reputational risks. According to the agency, ONGC was unable to find buyers, so it sold the cargo to Indian companies Hindustan Petroleum Corp and Bharat Petroleum Corp (BPCL). The BPCL shipment was scheduled to be delivered early next month. However, ONGC was unable to find a ship that could be sent to the South Korean port of Yeosu. According to sources, this was partly due to problems related to the provision of insurance. Western countries have imposed many sanctions in response to the special operation of the Russian Federation to denazify and demilitarize Ukraine. A number of companies announced their withdrawal from the Russian market and the closure of production facilities in the country. Russian Foreign Minister Sergei Lavrov noted that Western companies that refuse to work with Russia did so under enormous pressure, but Russia will solve all the problems with the economy that the West creates for it.
Kyiv urged London not to allow «a drop of Russian oil» into Britain
