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Energy

Novak counts three diesel tankers at sea and a 500,000 tonne October export allowance

Three tankers of Russian diesel are at sea toward what Deputy Prime Minister Alexander Novak called the eastern coast of the Atlantic, with Rosneft supplying most of the fuel, he said on Friday, adding that companies may export 500,000 tonnes in October under an eased ban. A Republican congressman has filed a bill to revoke the US licence that admits the cargoes.

A laden tanker seen from astern leaves a river terminal at dusk on slate blue water, a single amber stern light showing.

“The first three tankers with fuel are already on their way toward the eastern coast of the Atlantic Ocean, with significant support from the Russian Direct Investment Fund. The main volumes may be supplied from the resources of Rosneft,” Novak told journalists on 23 October, in Interfax’s account. He named no vessel, port or date.

“In accordance with the agreements announced earlier on saturating the world diesel market, Russia will provide additional supplies of diesel fuel to world markets and to the United States. The ban on diesel exports has been eased, and companies may export 500,000 tonnes in October,” he said. The volume, he added, is calculated from full supply of the domestic market.

He named no vessel, port or date.

The Kremlin’s spokesman Dmitry Peskov said on Friday that the first tanker with Russian diesel had been sent to the United States, Interfax reported. Novak counted three.

In Washington, Republican congressman Brian Fitzpatrick introduced a bill to bar the Treasury from issuing any general licence for imports of Russian energy and to revoke the licence already issued, Interfax reported on Saturday from the published text. The bill would also bar the Treasury from initiating the operations that accompany the purchase, delivery or unloading of Russian crude oil or oil products.