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oil products

China busts $770 million refined oil smuggling ring in massive swoop
World

China busts $770 million refined oil smuggling ring in massive swoop

  • The operation, which saw customs officers from the port city of Ningbo join forces with local law enforcement and maritime police, spanned eight Chinese regions, including the coastal provinces of Zhejiang, Jiangsu, Shandong and Fujian.
  • Customs authorities described the swoop as "one of the most extensive operations" to combat refined oil smuggling along China's southeast coast in recent years, in terms of area.
Updated 16 Mar, 2021 10:02pm
Belarus to export up to 300,000 tonne of oil products via Estonia, Latvia
Markets

Belarus to export up to 300,000 tonne of oil products via Estonia, Latvia

  • The deal calls for up to 10 million tonnes of oil products shipments, split over three years, from March, and is part of a show of support for Minsk from Moscow following last year's presidential election.
  • Latvian ports of Riga and Ventspils are projected to get up to 111,000 tonnes of gasoline produced at the Mozyr refinery, an increase from 74,000 tonnes set for February.
Published 26 Feb, 2021 08:52pm
Belarus switches oil products to Russian from EU ports
Business & Finance

Belarus switches oil products to Russian from EU ports

  • The three Baltic nations imposed sanctions on Lukashenko and his allies following the elections and he promised to re-route oil products shipments to Russian ports in retaliation.
  • Shipments, set to start from March, would rise to 3.2 million tonnes next year and stay at 3.1 million tonnes in 2023.
Published 19 Feb, 2021 07:37pm