- Title: Drone: Oil tankers queuing to transit Turkish straits face more delays - sources
- Date: 6th December 2022
- Summary: ISTANBUL, TURKEY (DECEMBER 6, 2022) (REUTERS) (MUTE) DRONE FOOTAGE OF OIL TANKERS ANCHORING OFF COAST ISTANBUL DRONE FOOTAGE OF OIL TANKER OTTOMAN SINCERITY LADEN WITH CRUDE FROM THE RUSSIAN PORT OF NOVOROSSIYSK DRONE FOOTAGE OF OIL TANKERS ANCHORING OFF COAST ISTANBUL VARIOUS DRONE FOOTAGE OF THE OIL TANKER ADVANTAGE ANGEL WITH CRUDE FROM THE RUSSIAN PORT OF NOVOROSSIYKS ISTANBUL, TURKEY (DECEMBER 6, 2022) (REUTERS) VARIOUS OF OIL TANKERS ANCHORING OFF COAST ISTANBUL VARIOUS OF OIL TANKER ADVANTAGE ANGEL WITH CRUDE FROM THE RUSSIAN PORT OF NOVOROSSIYKS AT ANCHOR VARIOUS OF OIL TANKER ADVANTAGE ANGEL WITH CRUDE FROM THE RUSSIAN PORT OF NOVOROSSIYKS VARIOUS OF OIL TANKER PASSING THROUGH THE BOSPHORUS STRAIT
- Embargoed: 20th December 2022 12:13
- Keywords: DIPLOMACY ENERGY POLICIES ENERGY SECURITY OIL TANKER PRICE CAP RUSSIA TURKEY UKRAINE
- Location: ISTANBUL, TURKEY
- City: ISTANBUL, TURKEY
- Country: Turkey
- Topics: Europe,Economic Events,Middle East
- Reuters ID: LVA001476606122022RP1
- Aspect Ratio: 16:9
- Story Text: At least 20 oil tankers queuing off Turkey to cross from Russia's Black Sea ports to the Mediterranean face more delays as operators race to adhere to new Turkish insurance rules added ahead of a G7 price cap on Russian oil, industry sources said on Tuesday (December 6).
Turkish maritime authorities issued a notice seen by Reuters last month asking for additional guarantees from insurers that the transit through the Bosphorus would be covered starting from Dec. 2.
The new rule was announced before a $60 per barrel price cap was imposed on Russian seaborne crude this week, Western insurers are required to retain proof that Russian oil covered is sold at or below that price. The industry has a 90-day grace period to comply with the G7 plan.
Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean.
The shipping agency GAC said on Tuesday that 13 vessels were waiting to transit the Bosphorus strait southbound, all of them oil tankers and with 10 of them holding Kazakh crude after loading at the Russian port of Novorossiisk.
For the Dardanelles strait, average waiting times southbound were also around four days, up from 1-1/2 days in mid-November, Tribeca said.
(Production: Emin Caliskan, Yoruk Isik, Omer Berberoglu) - Copyright Holder: REUTERS
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