Iran Oil Flows to China Fall on Sanctions, Refinery Maintenance
Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in the world’s biggest fossil fuel importer.
MOSCOW, May 23 (Reuters) – Russian vessel Fortuna has started laying pipes for the Nord Stream 2 gas pipeline in German waters, the gas project said on Sunday, citing Germany’s Waterway andShipping Authority.
Nord Stream 2, which runs on the bed of the Baltic Sea from Russia to Germany, bypassing Ukraine, has faced criticism from the United States, which claims it will increase European reliance on Russian gas.
Fortuna and other vessels taking part in the project have been added to a U.S. sanctions list.
“All works are performed in accordance with the available permits,” Nord Stream 2 said in an emailed comment.
Fortuna will be working in German waters from May 22 to June 30, having earlier laid pipes in Denmark.
The Kremlin says the $11 billion venture led by Russian state energy company Gazprom is a commercial project, but several U.S. administrations have opposed the project. (Reporting by Oksana Kobzeva; Writing by Andrey Ostroukh; Editing by Jan Harvey)
(c) Copyright Thomson Reuters 2021.Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up