❗️Russia to ship 750,000 barrels of oil and condensate to Syria’s Baniyas port

Russia is preparing to ship roughly 750,000 barrels, equivalent to 100,000 metric tons, of a blend of Arctic heavy ARCO crude and gas condensate, a light oil variety, to Syria’s Baniyas port, according to traders and LSEG data.

Russian and Syrian representatives held talks in Moscow in October to explore possible energy cooperation.

LSEG data indicates that the tanker Antarktika, an Aframax-class vessel capable of carrying about 700,000 to 800,000 barrels, is currently anchored near Banias after loading oil and condensate from areas near Russia’s Murmansk and Ust-Luga ports.