Saudi Arabia is Importing and Re-Exporting Russian Oil to the EU

[Wiz]

Joe Biden’s Failed Middle East Diplomacy!
Saudi Arabia is Now Importing and
Re-Exporting Russian Oil to the EU

Ever since United States President Joe Biden took office in January 2021, he’s been trying to bring Saudi Arabia back to the political West’s flock. The attempts to do so have escalated significantly after Russia launched its counteroffensive against NATO’s  encroachment. Biden made numerous futile attempts to contact Saudi leadership, culminating with a failed visit on July 15.

The reasons why Saudi Arabia has been reluctant are many, including the openly declared intention of the US leadership to transition away from fossil fuels to renewable energy sources. With oil being the lifeblood of Saudi Arabia virtually since its inception as a modern country, it is quite clear why Saudi leadership is not too keen to help the US achieve such a goal.

Better read the full artcle at Global Research, as he has a lot of links there.


Original posted BY: Drago Bosnic who is an independent geopolitical and military analyst.

[Lon]

hmm...without saying that Drago Bosnic is wrong or posted untruths, he certainly matches your narrative Wiz.
I did a quick google search of his name and after reading a few of his headlines it can be said that he has an anti-west slant.
love this line from one of the articles  "Drago Bosnic, independent geopolitical and military analyst"
I suppose it is hard to find an unbiased journalist in these times, what with having to make money and all.

[Jonas!]

Joe Biden’s Failed Middle East Diplomacy!
Saudi Arabia is Now Importing and
Re-Exporting Russian Oil to the EU

Ever since United States President Joe Biden took office in January 2021, he’s been trying to bring Saudi Arabia back to the political West’s flock. The attempts to do so have escalated significantly after Russia launched its counteroffensive against NATO’s  encroachment. Biden made numerous futile attempts to contact Saudi leadership, culminating with a failed visit on July 15.

The reasons why Saudi Arabia has been reluctant are many, including the openly declared intention of the US leadership to transition away from fossil fuels to renewable energy sources. With oil being the lifeblood of Saudi Arabia virtually since its inception as a modern country, it is quite clear why Saudi leadership is not too keen to help the US achieve such a goal.

Better read the full artcle at Global Research, as he has a lot of links there.


Original posted BY: Drago Bosnic who is an independent geopolitical and military analyst.

If indeed the EU is buying Russian oil via Saudi Arabia it would be so stupid it is hard to believe actually.  Instead of buying from the source they create a profiting middleman.   IF this is occurring, I'd be curious as to what secondary benefits somebody is getting, because on the surface it is senseless.

Jonas!   

[Wiz]

I did all searches before you..... so prove him wrong and stop talking about his anti-west slant.

For your info the Prince of Saudi Arabia visited Greece over the w/end because Russia informed Greece will stop providing gas and Oil  them and USA cannot provide LNG because they don't have spare after the fire in the little island they us to fill the ships.

The current Greek PM, listen to his master in USA and now is desperate to find Oil and gas.........for the country!

Russia is laughing all the way to the bank.........

Jonas

I agree with you.... the European leaders should not listen to Washington and kept their deals with Russia.

Germany's industrial business is suffering....and may soon some will go bust. Merkel the ex German chancellor was clever and went with Russia and was buying cheap energy for many years but the crooks from USA transformed everything to market trading products where few charlatans with money make huge money and the poor people have to pay the huge electricity prices now...without any protections from our Governments.

Here in the UK 26 electricity providers went bust and new boys arrived... and already the prices started going up........ I think soon will have to look to a new cheap provider.



 

[andrewfi]

I read the article Wiz linked.
I had previously read that Saudi Arabia was importing bunker fuel from Russia. The Saudis do not produce this grade of oil in great quantity but use it within their oil production infrastructure.

I doubt that they'd re-export that stuff as it isn't a grade that is in high demand in the EU oil shortage context.

Given the complete dearth of facts in the linked article, I would not place great credence on it.

[2tallbill]

I doubt that they'd re-export that stuff as it isn't a grade that is in high demand in the EU oil shortage context.

Given the complete dearth of facts in the linked article, I would not place great credence on it.

I Googled around a bit and found that the Saudi's do import Russian oil and it's not just a recent thing either. They import a decent bit from Russia every year. They buy some of the
heavier stuff from Russia and use it for heating and electricity production. I think they stepped imports up a bit since they are getting it at a discount.


I couldn't find anything that said they turned around the same barrel of oil and sold
it to the West.

Saudi Arabia more than doubled Russian oil imports in the second quarter,
freeing up their own crude for export
https://www.businessinsider.in/stock-market/news/saudi-arabia-more-than-doubled-russian-oil-imports-in-the-second-quarter-freeing-up-their-own-crude-for-export/articleshow/92905196.cms#:~:text=Saudi%20Arabia%20imported%20647%2C000%20tonnes,Russia%20compared%20to%202021%20levels.


Saudi Arabia more than doubles import of Russian oil to feed power stations
https://www.thedailystar.net/news/world/news/saudi-arabia-more-doubles-import-russian-oil-feed-power-stations-3070551

[Manny]

Saudi Arabia is Now Importing and
Re-Exporting Russian Oil to the EU

There's much discussion on Twitter about this. It's correct and it's not just Saudi doing it.

It makes a mockery of sanctions. They were never going to work anyway.

Apparently, North Korean workers are poised to come in and rebuild Donbass. US sanctions really are dying on the vine. But Blinken wants more and the US is now provoking China by sending Pelosi to Taiwan.

[Wiz]

I read the article Wiz linked.
I had previously read that Saudi Arabia was importing bunker fuel from Russia. The Saudis do not produce this grade of oil in great quantity but use it within their oil production infrastructure.

I doubt that they'd re-export that stuff as it isn't a grade that is in high demand in the EU oil shortage context.

Given the complete dearth of facts in the linked article, I would not place great credence on it.

You may say that but I beg to differ, because I know that Greece for example is buying and is using cheap heavy oil from Russsia, which going though its Refinery and is used for heating blocks of flats and other similar large buildings!
As you must know contracts for transporting oil or Gaz are signed  by the boat owners 1-2 years ahead of the day of transport/delivery.

The Saoudi don't have to import/export the oil.......they simply collect the money and pay accordingly after making a huge profit.

[Wiz]

Saudi Arabia is Now Importing and
Re-Exporting Russian Oil to the EU

There's much discussion on Twitter about this. It's correct and it's not just Saudi doing it.

It makes a mockery of sanctions. They were never going to work anyway.

Apparently, North Korean workers are poised to come in and rebuild Donbass. US sanctions really are dying on the vine. But Blinken wants more and the US is now provoking China by sending Pelosi to Taiwan.

Did you read the comments of the chinese Leader, yesterday, regarding American's and Taiwan? He told them hands off Taiwan! in plain language.

[Lon]

I did all searches before you..... so prove him wrong and stop talking about his anti-west slant.

actually, Wiz, his, and your, anti-west slant does matter.  everyone here, and perhaps you, know that you can pick and choose facts and ignore others to "prove" a point.

your brother in the Blood Hands clan

[Manny]

Saudi Arabia is Now Importing and
Re-Exporting Russian Oil to the EU

There's much discussion on Twitter about this. It's correct and it's not just Saudi doing it.

It makes a mockery of sanctions. They were never going to work anyway.

Apparently, North Korean workers are poised to come in and rebuild Donbass. US sanctions really are dying on the vine. But Blinken wants more and the US is now provoking China by sending Pelosi to Taiwan.

Did you read the comments of the chinese Leader, yesterday, regarding American's and Taiwan? He told them hands off Taiwan! in plain language.

I recall they offered military consequences. I didn't read all of it.

Taiwan will be going back to China come what may. Xi said they will reunite and he is more resolute than Putin. I know a woman there we buy stuff from and we talk on Wechat, she is scared of the Chinese coming. I read a long thread on Twitter by a Chinese guy who thinks they will reunite quietly. He gave lots of cultural reasons why that will be so. But as soon as the US enters the fray, all bets will be off. Taiwan to China is like Crimea was to Russia. Taiwan will be China.

[Valenki]

Saudi Arabia is Importing and Re-Exporting Russian Oil to the EU

Smart people.

[Markje]

I couldn't find anything that said they turned around the same barrel of oil and sold
it to the West.

Saudi Arabia more than doubled Russian oil imports in the second quarter,
freeing up their own crude for export
https://www.businessinsider.in/stock-market/news/saudi-arabia-more-than-doubled-russian-oil-imports-in-the-second-quarter-freeing-up-their-own-crude-for-export/articleshow/92905196.cms#:~:text=Saudi%20Arabia%20imported%20647%2C000%20tonnes,Russia%20compared%20to%202021%20levels.

Thats a nobrainer right here. Importing more Russian oil so you can sell more oil to Europe. Potato, potahto

[andrewfi]

Wiz, truth be told, it is rather unlikely that Saudi Arabia would simply turn around oil cargoes and, by implication, sell them as unsanctioned Saudi oil. SA can use bunker fuel in their infrastructure; buying it cheap makes sense. Unless a buyer wanted bunker fuel, reselling the stuff would be no point. If the oil supplied was crude, read on to learn about why that won't happen, at least not as you suggested.

Oil is not a uniform product. A refinery is designed and run to have a particular feedstock. So, flogging Russian crude as Saudi would cause a lot of aggro. As I previously noted, SA was buying bunker oil - that's used directly in power stations and the like. It is the heavy stuff left over after all the lighter fractions have been distilled out.

If SA tried to pass off Russian crude as Saudi crude, there'd be hell to pay with the receiving refineries as it would cause severe and expensive difficulties. Of course, all crude is tested before it is fractionated, so, in practice, it would not happen, but the cargo would be rejected, and there'd be hell to pay.

[Wiz]

Wiz, truth be told, it is rather unlikely that Saudi Arabia would simply turn around oil cargoes and, by implication, sell them as unsanctioned Saudi oil. SA can use bunker fuel in their infrastructure; buying it cheap makes sense. Unless a buyer wanted bunker fuel, reselling the stuff would be no point. If the oil supplied was crude, read on to learn about why that won't happen, at least not as you suggested.

Oil is not a uniform product. A refinery is designed and run to have a particular feedstock. So, flogging Russian crude as Saudi would cause a lot of aggro. As I previously noted, SA was buying bunker oil - that's used directly in power stations and the like. It is the heavy stuff left over after all the lighter fractions have been distilled out.

If SA tried to pass off Russian crude as Saudi crude, there'd be hell to pay with the receiving refineries as it would cause severe and expensive difficulties. Of course, all crude is tested before it is fractionated, so, in practice, it would not happen, but the cargo would be rejected, and there'd be hell to pay.

Andrew Ihave never claimed to be a specialist or very knowlegable to the oil busssines.... but listening to comments from somebody working for the Greek ship owners......he must know some more things from me and you......

His expression was........ "the oil ships are now executing contracts signed and paid 2 years ago.."  and I thought... he must know better... He has a weekly presence as a commentator on a Greek Radio that I am listening daily..... and all his predictions .. sofar, have proved correct.   Time will tell. 

Did we expect Russia to folow a slow moving military operation in ukraine, when Putin make the announcemen in February?

I think Putin and the Russians... have read and predicted correctly the end rsult of a slow war.........unlike the American style used in every country they invaded.....
At the end , when Zelenski moves out...... the remaining Ukrainians will accept their slav brothers and will repaire cheaper the country with all the NAZI/American elements....out of the way.

Meanwhile all European countries are suffering Financially, accumulating huge depts and poorer people....with no end.... only good results for the Multi billionairs thriving under the circumstances, while the Americans waiting for the Democratic Dimensia President to move on.....

We must have patience to see what else they have already prepared again the international.

At the moment the variant of Covid 19 (monkey) is acccumulated thousands of dead  of people daily.
 

[andrewfi]

Yes, a large part of the world's oil tankers are booked well in advance, but their loading and unloading points are usually flexible. A large part of the world's oil is pre-sold on long-term contracts. That makes it hard for the EU to substitute Russian oil, EU propaganda to the contrary.

The tankers are the choke point; the oil can come from anywhere. Ask your mate about that. Of course, when oil is presold on contract, that lessens the amount of oil that can be purchased on the spot market and the spot prices will therefore be much higher than long-term. contracts.

The practical issue is that crude oil is different from different sources. So, you can't just take a tanker of random oil and bung it into a refinery. That's why southern US refiners are anxious to get their hands on Venezuelan oil! 

Many European refineries are made to process Russian oil, and the Russians are very careful to provide in their pipelines a consistent blend that suits the European refineries. You can't just bung Saudi oil into a refinery made for Russian oil and expect to get product. Likewise, the other way round. So, it seems unlikely that SA would be selling Russian oil as Saudi oil. But to buy refined oil and use it in their systems makes a heap of sense. In this way, the Saudis can sell more of their product as they do not have to use domestically produced oil in their economy, they buy cheaper Russian oil and sell their own oil at a higher price.

What is clearly happening is that, for example, the Indian refineries are buying Russian oil and then selling to European buyers as the refined end-product.

I am not for one moment doubting what your mate says. Two things can be true at the same time!