Then, how much crude oil can load in VLCC, the Very Large Crude Carrier? The size of cargo tanks varies from ship to ship, but many of the recently built VLCCs are designed to load about 2 million barrels of crude oil.
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Hengyuan processing capacity per Quarter is 10 million barrels, at 16% Russian Crude, it needs about 1.6 million barrels
While Europe may stop buying Russian crude, it’s unlikely to be able to avoid diesel fuel made from that crude. The direct diesel trade between Russia and European countries may halt, but products made from Russian crude in overseas refineries will still arrive at European ports. Russian crude processed in overseas refineries ceases to be Russian. Diesel produced at, say, an Indian refinery is Indian diesel, no matter whether the crude came from Saudi Arabia, Russia, or anywhere else. Products are made to tight specifications required in consuming countries and there is no mechanism to determine where the crude they were produced from originated.
Malaysia has been sanction by US and EU for the longest time! Just look at our palm export! All so called force labor to sanction our exports! So, Malaysia is right to import Russia oil as Malaysia only recognise UN sanction not US or EU!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
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Posted by probability > 2022-05-15 13:52 | Report Abuse
Malaysia does not recognise unilateral sanctions, remains non-aligned to any side
https://www.malaymail.com/news/malaysia/2022/05/08/saifuddin-malaysia-does-not-recognise-unilateral-sanctions-remains-non-alig/2057677