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Sanctions complicate Syria’s access to crude, products
Syria is struggling to secure crude and refined oil products through public tenders because shipowners remain cautious about sending vessels there in case they are detained, traders say. Syria's transitional government issued tenders seeking 4.2mn bl of crude, 80,000t of 90 Ron gasoline and 100,000t each of fuel oil and gasoil last month — the first since the fall of Bashar al-Assad's regime in December last year. The tenders closed earlier this month after minimal participation from trading firms and were mostly awarded to local companies which will effectively act as intermediaries, market participants said. ... (full story)
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- Posted: Feb 13, 2025 2:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 108
