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The Maltese Herald

We’re buying Russian oil now – and apparently it’s OK

โ€”

by

Mark Camilleri
in ,

Malta imported at least two batches of Russian oil cargo since the war on Iran started, once on the 24th March and the other time on the 12th May. The imports were sold in Malta by a Greek-owned ship called Romeos, and the oil was transported and bunkered by the local bunkering company called Zeta Energy. The oil was bunkered at the Evos Freeport terminal run by Alkagesta.

The oil was purchased under the oil cap but we have no information on its reselling value to traders and clients and it is highly likely that traders arbitraged the difference. This means that ultimately, no one is benefitting from the low price cap except for the traders who are arbitraging the difference.

Energy Minister Miriam Dalli has established her administration over the Energy Ministry with absolute secrecy and a lack of transparency, accompanied by a massive budget from public resources that is distributed to the local press and propaganda outlets. She has avoided answering questions on energy contracts and kept a lid on public information, focusing on bolstering her image with propaganda instead of applying transparency to multi-million and billion-Euro public energy deals.

We learnt about these two particular Russian oil sales to Malta not through public disclosure of information, but through methodical and consistent investigations that took more than a year to conduct and produced tangible results. There could be much more and probably there is, considering the heightened unusual activity that is taking place in Hurd’s Bank.

Miriam Dalli has been appointed as Energy Minister to keep a lid on the legacy of corruption that established Electrogas as a main electricity supplier to the government. Alkagesta grew to become Malta’s biggest oil bunkerer under her watch. Behind the glossy publicly-funded propaganda that she is distributing to her allies in the press about her non-existing capital projects, which mainly consist about the routine maintenance and the upkeep of the national grid, lies an energy ministry that is actively fighting to keep the disclosure of our source of energy and the public energy contracts secret.

Minister Miriam Dalli has treated the Maltese people with utter and total contempt. This is the same arrogant and patronising contempt that gives her the sense of entitlement to treat public information as private, and the same attitude that complacently allows our energy sector to be run by criminals while, quietly and in secret, traders are dealing in Russian oil from Birลผebbuฤกa.

 

Comments

5 responses to “We’re buying Russian oil now – and apparently it’s OK”

  1. M.Galea avatar
    M.Galea

    X poplu hawn mas saqajn! Biex taghti l vot lil din s show off trid tkun veru bniedem bla sugu! Ezatt bhal ma hi dil Ministru! Sugu ta xejn u titnejjek bil poplu! Hu go fik ja poplu ta habba gozz!

    Reply
  2. The European insurer covering high-risk vessels selling Russian oil - The Maltese Herald avatar
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  3. Tony Dimech avatar
    Tony Dimech

    Mark the real reason the election was called a year earlier is due to the expiry of the gas supply contract. Dalli extended it by 3 months and by August the shit is about to hit the fan. Retail gas prices will be double than those signed on the old corrupt contracts. We are potentially looking at a 30-40% increase in electricity prices.

    Reply
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