Bloomberg: Oil tankers begin to pass through the straits in Turkey
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Turkey has started to let oil tankers through its straits, which had previously been blocked, as Ankara insisted on providing letters of insurance, informs Bloomberg, citing an unnamed shipping official.
The queue of tankers, as the agency writes, began to decrease: on Sunday, 19 tankers were waiting for passage through the Bosporus and Dardanelles, while the day before there were 27.
The congestion grew, shutting down millions of barrels of mostly Kazakh oil as G7 sanctions on Russia raised doubts that oil tankers would be immune to collision and spill risks.
On December 8, the FT, citing Western officials, reported that the price ceiling could not be the reason for the accumulation of oil tankers off the coast of Turkey, since, according to sources, “out of about 20 tankers” all but one carry oil from Kazakhstan. The interlocutors of the publication also noted that the queue was formed due to Ankara’s requirements for insurance.
On December 8, Turkey reported that insurance companies refuse to issue letters of insurance for the passage of oil tankers through the Black Sea straits, but Ankara will continue to demand these documents.
Turkey sent out a sample letter to insurers on Saturday that it is willing to accept as proof of coverage, according to Bloomberg. According to the interlocutor of the agency, the document was similar to the versions that had already been submitted to the Turkish authorities.
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