Page 87 - RusRPTAug23

9.1.1b Oil sector news
● Tankers & transport
Russia struck deals to sell a substantial portion of its petroleum output to a group of previously little-known oil traders, The Wall Street Journal reported, adding to signs that the financial squeeze on Russian oil producers from sanctions is easing. State-controlled Rosneft in recent weeks wrapped up one of its largest tenders in years, according to the report, after a similar effort last year failed in the aftermath of Russia's invasion of Ukraine. The results cement the role of a group of upstart trading houses as vehicles for Russian oil to reach new markets, filling a hole left when the world's largest commodities merchants such as Trafigura, Vitol and Glencore pulled back from Russia.
87 RUSSIA Country Report August 2023 www.intellinews.com