• Latest
  • Trending
600,000 barrels of Russian fuel shipped to Ghana

REVEALED: 600,000 barrels of Russian fuel shipped to Ghana

February 28, 2023
Gun attack in Binduri leaves one dead and burned

Gun attack in Binduri leaves one dead and burned

April 14, 2025
Fear grips Goma after overnight clashes between rebel groups

Fear grips Goma after overnight clashes between rebel groups

April 14, 2025
Charlotte Osei, Justice Dzamefe Among Mahama’s Picks for Supreme Court?

Charlotte Osei, Justice Dzamefe Among Mahama’s Picks for Supreme Court?

April 13, 2025
Chief Justice submits response to removal petitions to Mahama

Chief Justice submits response to petitions for her removal to Mahama

April 7, 2025
National Security Tracks Down ‘Alhaji’ in Sapeiman Counterfeit Ring Involving BoG Cash Boxes

National Security Tracks Down ‘Alhaji’ in Sapeiman Counterfeit Ring Involving BoG Cash Boxes

April 7, 2025
Allegations about Bawumia, Hubtel and ECG payments

Allegations about Bawumia, Hubtel and ECG payments: What we know so far

April 7, 2025
CITEG weights in on NPP’s unity agenda – Backs Ken Agyapong

CITEG weights in on NPP’s unity agenda – Backs Ken Agyapong

April 7, 2025
Ambassador Sam Pee Yalley Passes Away

Ambassador Sam Pee Yalley Passes Away

April 7, 2025
Chief Justice submits response to removal petitions to Mahama

JUST IN: Chief Justice Torkornoo Requests Copies of Petitions Seeking Her Removal

March 27, 2025
Vincent Assafuah Sues to Block President Mahama from Removing Chief Justice

Vincent Assafuah Sues to Block President Mahama from Removing Chief Justice

March 27, 2025
Ahmed Suale

Mahama Calls for Swift Justice in Ahmed Suale’s Murder Case

March 27, 2025
Prepare to Answer for Your Shady Deals as MD of Ghana Post – Sam George to Obour

Prepare to Answer for Your Shady Deals as MD of Ghana Post – Sam George to Obour

March 27, 2025
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • SPORTS
  • Entertainment
Saturday, May 17, 2025
  • Login
InsiderGH.com
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • SPORTS
  • Entertainment
No Result
View All Result
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • SPORTS
  • Entertainment
No Result
View All Result
InsiderGH.com
No Result
View All Result
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • SPORTS
  • Entertainment
ADVERTISEMENT
Home POLITICS

REVEALED: 600,000 barrels of Russian fuel shipped to Ghana

February 28, 2023
inPOLITICS
Reading Time: 3 mins read
4
600,000 barrels of Russian fuel shipped to Ghana
Kindly share
International business news network, Bloomberg says about 600,000 tonnes of fuel from Russia have been shipped and stored in Ghanaian tanks.

Following Russia’s invasion of Ukraine, the European Union and US barred fuel imports from the former Soviet leader.

Bloomberg reports that its tanker tracking data show that “The last signal from the vessel was on Sunday evening, by which time unloading had not begun. Its cargo was due to be pumped into storage tanks in Tema”.

This comes on the back of the Ghana Government’s controversial gold-for-oil policy.

Below is the full report from Bloomberg

A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two regional supply powerhouses.

The development suggests that traders could be scouring the market for new buyers of Russian barrels after the European Union stopped almost all seaborne imports from the country in December.

The bloc’s measures made Moscow hugely reliant on Chinese and Indian purchases.

The tanker Theseus arrived in Ghana’s territorial waters on Friday carrying about 600,000 barrels of Russian oil from a port in the Black Sea, according to tanker tracking data compiled by Bloomberg.

Its cargo was due to be pumped into storage tanks in Tema, people with knowledge of the matter said.

The last signal from the vessel was on Sunday evening, by which time unloading had not begun.

Russia is under pressure to sustain its oil revenue after the Group of Seven and the European Union imposed punishing sanctions on the country’s energy industry.

Almost all European Union companies are prohibited from buying Russian crude and petroleum products or providing important services such as insurance to nations that buy such exports above a capped price.

In December, Russia’s petroleum revenues dropped nearly 20 percent from the previous month after the price cap triggered big discounts on the nation’s crude, according to the International Energy Agency.

The crude will be stored in tanks at the Tema Oil Refinery, the people said. The firm didn’t respond to requests for comment.

When the tanker was en route to the country, the CEO of Ghana’s National Petroleum Authority CEO said the shipment would be blocked if it was bound for the country. The NPA didn’t respond to multiple requests for comment after it reached the west African nation’s territorial waters.

The shipment to Tema would be the first time Russian oil has been delivered to a West African country since at least October 2018, tracking data show.

Ghana itself is a small oil exporter, shipping an average of about 140,000 barrels a day over the past six months, according to tanker tracking data compiled by Bloomberg. It’s also next to Nigeria and Angola, the two biggest suppliers in sub-Saharan Africa.

After sanctions were imposed on Russia, the nation directed crude exports toward China and India, upending global oil flows and the maritime industry.

With Europe previously having been by far the largest market for Russian oil, that narrowed the nation’s pool of buyers dramatically. It also meant the barrels had to be discounted at the point of export to compensate for relatively high delivery costs.

Tags: BloombergGhanaRussian fuel
  • Trending
  • Comments
  • Latest
Supreme Court quashes re-collated results for Okaikwei Central, Tema Central, two others

Supreme Court throws out injunction against anti-gay bill

March 19, 2024
Christopher Adu Boahen robbed and killed

Christopher Adu Boahen, son of NPP’s Professor Adu Boahen, robbed and killed

March 19, 2024
Controller and Accountant General, Kwasi Kwaning-Bosompem sacked

Controller and Accountant General, Kwasi Kwaning-Bosompem sacked

April 12, 2024
Congo coup

BREAKING: Coup underway in Congo-Brazzaville while 79-year-old President is in the US for UN Summit

September 17, 2023
Yagbonwura refuses to stand up to greet Akufo-Addo

Tell him I won’t stand up! — Yagbonwura refuses to stand up to greet Akufo-Addo

April 29, 2024
Kuame Eugene accident

Kuame Eugene sustains injuries following collision with tipper truck on N1 highway

March 18, 2024
Gabon coup

BREAKING:Senior Military Officers Announce Coup in Gabon After Rigged Presidential Election

August 30, 2023
Herbert Wigwe dies

Access Bank CEO, Herbert Wigwe, dies with wife, son in helicopter crash

February 10, 2024
If you had good intentions for NDC, you would have engaged party elders – Zita to Duffour

If you had good intentions for NDC, you would have engaged party elders – Zita to Duffour

13
Don’t dare change Alban Bagbin – NDC Professionals Forum caution

Gyakye Quayson’s daily trial ‘selective and wrong’ – Bagbin

13
NDC Communication Officer found dead 

BREAKING: NDC Changes Its Leadership In Parliament

10
Ablakwa

How Adom-Otchere triggered Ablakwa to release latest set of allegations against Rev. Kusi Boateng

9
Supreme Court turned into Stupid Court comment: I’m not talking of Ghana’s judiciary – Kpessa-Whyte clarifies

Supreme Court turned into Stupid Court comment: I’m not talking of Ghana’s judiciary – Kpessa-Whyte clarifies

9
Kwabena Duffuor

Duffuor calls for postponement of NDC primaries

8
Sophia Akuffo

‘You don’t solve your problems by sacrificing the aged’ – Sophia Akuffo

8
James Keck Osei

Details of how Director of Administration at vice president’s office attempted to steal a businessman’s imported rice

8
Gun attack in Binduri leaves one dead and burned

Gun attack in Binduri leaves one dead and burned

April 14, 2025
Fear grips Goma after overnight clashes between rebel groups

Fear grips Goma after overnight clashes between rebel groups

April 14, 2025
Charlotte Osei, Justice Dzamefe Among Mahama’s Picks for Supreme Court?

Charlotte Osei, Justice Dzamefe Among Mahama’s Picks for Supreme Court?

April 13, 2025
Chief Justice submits response to removal petitions to Mahama

Chief Justice submits response to petitions for her removal to Mahama

April 7, 2025
National Security Tracks Down ‘Alhaji’ in Sapeiman Counterfeit Ring Involving BoG Cash Boxes

National Security Tracks Down ‘Alhaji’ in Sapeiman Counterfeit Ring Involving BoG Cash Boxes

April 7, 2025
Allegations about Bawumia, Hubtel and ECG payments

Allegations about Bawumia, Hubtel and ECG payments: What we know so far

April 7, 2025
CITEG weights in on NPP’s unity agenda – Backs Ken Agyapong

CITEG weights in on NPP’s unity agenda – Backs Ken Agyapong

April 7, 2025
Ambassador Sam Pee Yalley Passes Away

Ambassador Sam Pee Yalley Passes Away

April 7, 2025

KINDLY SUBSCRIBE TO INSIDERGH TV

CLICK HERE TO SUBSCRIBE TO OUR YOUTUBE CHANNEL

Recent News

Gun attack in Binduri leaves one dead and burned

Gun attack in Binduri leaves one dead and burned

April 14, 2025
Fear grips Goma after overnight clashes between rebel groups

Fear grips Goma after overnight clashes between rebel groups

April 14, 2025
Charlotte Osei, Justice Dzamefe Among Mahama’s Picks for Supreme Court?

Charlotte Osei, Justice Dzamefe Among Mahama’s Picks for Supreme Court?

April 13, 2025
Chief Justice submits response to removal petitions to Mahama

Chief Justice submits response to petitions for her removal to Mahama

April 7, 2025

Gun attack in Binduri leaves one dead and burned

Gun attack in Binduri leaves one dead and burned
by Editor
April 14, 2025
0

A deadly gun attack in Binduri, located in the Upper East Region, has resulted in the death of a man,...

Read more

Fear grips Goma after overnight clashes between rebel groups

Fear grips Goma after overnight clashes between rebel groups
by Editor
April 14, 2025
0

People living in Goma, a city in the Democratic Republic of Congo, say there was a heavy attack last night...

Read more

Charlotte Osei, Justice Dzamefe Among Mahama’s Picks for Supreme Court?

Charlotte Osei, Justice Dzamefe Among Mahama’s Picks for Supreme Court?
by Editor
April 13, 2025
0

Information reaching InsiderGH.com from sources at the Presidency indicates that in the coming days, President John Dramani Mahama will nominate...

Read more

Chief Justice submits response to petitions for her removal to Mahama

Chief Justice submits response to removal petitions to Mahama
by Editor
April 7, 2025
0

Chief Justice Gertrude Torkornoo has submitted her official response to the petitions calling for her removal from office, meeting the...

Read more
Click here to follow InsiderGH.Com's WhatsApp channel for daily news updates

InsiderGH.com

InsiderGH.com

InsiderGH.com is the fastest growing socio-political news portal in Ghana. Get all breaking news updates, latest news headlines, local and international stories, showbiz, lifestyle etc.

Follow Us

Browse by Category

  • Apps
  • BIOGRAPHY
  • Business
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • GENERAL NEWS
  • Health
  • INTERNATIONAL NEWS
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • OPINION
  • POLITICS
  • Review
  • SCHOLARSHIP
  • Science
  • SPORTS
  • Startup
  • Tech
  • Travel
  • World

Pages

  • ABOUT US
  • CONTACT US
  • Buy Adspace
  • COOKIE POLICY (EU)
  • DISCLAIMER
  • Hide Ads for Premium Members
  • HOME
  • PRIVACY POLICY
  • Terms and Conditions
  • TERMS OF USE

Copyright © 2020 - 2024, InsiderGH.com. All rights reserved.

No Result
View All Result
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • SPORTS
  • Entertainment

Copyright © 2020 - 2024, InsiderGH.com. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy and Cookie Policy.