"Reuters": Saudi Arabia doubled imports of diesel fuel from Russia

Reuters reported that Saudi Arabia doubled its imports of Russian diesel fuel in the second quarter of this year, which is used to power power plants and marine engines.

Reuters indicated that data it analyzed through the Refinitiv Eikon platform shows that Saudi Arabia imported 647,000 tons of diesel fuel from Russia through Russian and Estonian ports between April and June of this year, while during the same period last year it imported 320,000 tons. . . .

In 2021, Saudi Arabia purchased 1.05 million tons of Russian diesel fuel.

The agency cites traders that Saudi Arabia has increased imports of Russian diesel fuel through the port of Fujairah in the UAE, which this year reached 1.17 million tons of Russian fuel compared to 0.9 million tons in the same period last year.

An additional 0.9 million tons of fuel oil could enter Fujairah this July alone, according to shipment data, bringing the total to 2.1 million tons in the first seven months of this year, compared to 1.64 million tons last year.

It should be noted, however, that the diesel that enters Fujairah is sold there as fuel for ships, and part of it is shipped to neighboring countries, and it is not known exactly how much goes to Saudi Arabia.

Reuters notes that Saudi Arabia is using Russian diesel to power power plants and reduce its crude oil refining needs, allowing it to sell more crude oil on the international market.

Reuters noted that Saudi Arabia is seeing a growing demand for fuel during the summer season due to rising temperatures and a growing need for refrigeration and air conditioning services.

Source: Reuters.

Related Stories