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Date Posted: 11:12:19 12/13/22 Tue
Author: Jasper
Subject: What entity is so righteous that they determine who or what gets sold worldwide.

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Venezuela is using false documents and tankers linked to Iran and known for carrying sanctioned Iranian crude in the past, a recent investigation by Reuters showed. Venezuela is selling oil to Chinese refiners, passing it off as Malaysian crude in documents, the investigation showed.

Malaysian waters are also notorious for ship-to-ship transfers and mixing of crude to hide the true origin of Iranian and Venezuelan oil. This year, Chinese customs data have at times shown so many imports from Malaysia that analysts and observers believe that China continues to import sanctioned oil passed off as coming from Oman or Malaysia.

Last month, China’s independent refiners imported record volumes of Iranian crude passed off as coming from Malaysia, Oman, or elsewhere, according to Vortexa tanker tracking data cited by Reuters.

Russia will also increasingly resort to sanction-evading practices such as masking its crude or deceiving positioning data, analysts say. Russia has already amassed a “shadow fleet” of tankers to ship its crude outside the price cap, and is copying some of the techniques used by Iran and Venezuela, which are on the list of Moscow’s “friendly” countries.

Tankers carrying Venezuelan crude have been found to falsify their positions over the past year, and this summer, a Russia-flagged tanker in the Mediterranean was caught falsifying its AIS, research by Global Fishing Watch and SkyTruth showed this week.

The investigation into the movements of the Russian tanker Kapitan Schemilkin showed that the vessel altered its signal to show – falsely – that it was circling offshore Greece, while in reality, the ship traveled to locations near Malta and Cyprus.

“It would prove to be the first detection ever of a Russian-flagged tanker broadcasting false coordinates—and it may be the first of many,” SkyTruth said.

https://www.zerohedge.com/energy/black-market-oil-booming

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