Millions of Oil Barrels Caught Up in Turkish Traffic Jam

January 8, 2023/in /by Rudolf Huber

And thats just one side of the European oil export points for Russian crude. The pipeline can be blocked as it runs to the EU. The Black Sea has become a trap for crude from Novorossisk and some of that crude has little alternative to that port. But even the Baltic port of Primorsk may be hemmed in as any vessel in and out needs to pass through waters that are surrounded by NATO countries. Just imagine they decide on a blocage. Russia is in a horrible bind here and what’s even worse is that much crude from the permafrost would stop completely is shut in as the holes would freeze up. It’s not getting better for Russia.

At least 20 carriers holding 18 million barrels of crude oil have been waiting for several days to pass through the Bosphorus and the Dardanelles shipping straits.

www.rigzone.com

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