Tag: Oil
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We’re buying Russian oil now – and apparently it’s OK
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…
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Who is trading Russian oil in Malta? It’s Alkagesta of course
The link between Alkagesta, Malta’s largest oil trader and bunkerer and the Greek shippers, who come to Hurd’s Bank, bearing Russian oil can’t even be more clearer. Alkagesta is sourcing Russian oil bought originally under the EU-imposed price cap by Greek shippers which is then bunkered by the local industry at the Evos terminal in…
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Unusual vessel detected: Malta Prosperity
A large oil tanker called the Malta Prosperity (IMO: 9389033) has been tagged in our investigations on Russian oil trading as a high risk vessel. The vessel is being described as high risk due to its lengthy times at anchorage including a long period anchored at Hurd’s Bank, without having a clear identified source of…
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EXCLUSIVE: Malta buys Russian oil during the war on Iran
As part of a very extensive investigation that we have been conducting for more than a year, The Maltese Herald can reliably confirm with documented evidence that Malta has been buying Russian oil and that these purchases have increased during the war on Iran. These purchases are being made in Hurd’s Bank where illegal activity…
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Greek shippers come to Hurd’s Bank bearing Russian oil
Greek shippers remain major traders and transporters of Russian oil with many of them using Malta as a base for their paper operations and registrations. Greek shippers may also be using Hurd’s Bank as a selling point for Russian oil. The Greek owned King Philippos (IMO: 9601194) is currently anchored at Hurd’s Bank after having…
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UK and Italy turn to Russian oil as oil in the open market remains above $100
The UK and Italy are temporally renewing their purchases of Russian oil seeking cheaper oil imports as inflation gets sticky in Europe due to the consequences of the war in Iran. Inflation in the UK went down in April at 3% from 3.4% in March but is still relatively high. The UK’s Department for Business…
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Away from our shores but not away from our flag? Maltese-flagged vessels keep selling Russian oil
Despite calls by Deputy Prime Minister and Minister for Foreign Affairs Ian Borg urging Europe to keep the Russian shadow fleet away from European shores, Maltese-flagged vessels remain deeply integrated in the Russian oil trading industry. The Foreign Minister made these appeals after Ukraine struck a Russian gas-laden ship just outside Maltese waters. The Russian…
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Strait of Hormuz remains closed to Western shipping: oil opens above $100
The Strait of Hormuz remains closed to Western shipping as negotiations between the US President and the Iranian regime continue to consist of a constant back-and-forth exchange of proposals, which are being equally rejected by both sides. Both sides exchange fire earlier this month and Iran also targeted a number of Western commercial vessels. Over…
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Chevron’s full press release on Malta’s oil exploration study
This is Chevron’s full press release about its newly-awarded exploratory license in the Maltese Continental Shelf. Parts of it were already reproduced by the local press but we are reproducing it here in full for reference purposes. This announcement was in the offing for some time, but the Labour government has kept its announcement for…
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Mafia State or not Mafia State?
In March the Prime Minister protested against “Opposition blogs” saying they are giving the wrong impression that Malta is a Mafia State. Yesterday, the Prime Minister told us that the biggest oil-contrabandist in Malta pitched him a gas and oil terminal project in Hurd’s Bank which is the same one being pitched by the Nationalist…
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Opposition Leader tells the Prime Minister to report his claims to the Police during mass rally in Birkirkara
At a mass political rally in Birkirkara, Opposition Leader Alex Borg urged the Prime Minister to file a Police report over claims he made that the proposals handed to him for the gas and oil terminal in Hurd’s Bank were proposed by “Malta’s biggest oil-contrabandist”. Earlier today, Prime Minister Robert Abela made gave these comments…
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Dreaming big is amazing – but Alex Borg seems to be surrounded by the wrong people
Theoretically, having a young Opposition Leader should have inspired us to dream about big changes and Alex Borg is struggling to deliver these big ideas for systematic change in Malta. Instead he is mimicking Labour and trying to be a better version of it, but while doing so he is failing to capture a wave…