Thu. Jul 4th, 2024

A supertanker transported huge quantities of Libyan light oil to Southeast Asia via the Cape of Good Hope route.

According to informed sources and shipping data, the unconventional move comes from Unipec, the trading arm of China Petroleum and Chemical Corporation (Sinopec).

Libyan light oil is usually sold to European refineries because of its proximity to Libya and the facilitation of shipments, and it is very rare for large quantities of this type of oil to go to Asia, especially via supertankers.

In January, Unipec chartered the Cyan Nova supertanker for between $8.75 million and $9.75 million to load crude from Malta to Singapore or China in February.

The data also indicated that the tanker “Cyan Nova” loaded crude from the Libyan field of Abu al-Tafal, and loaded cargo in Libya last February, and the tanker is expected to continue its journey to Asia to unload its cargo in May.

In addition, Unipec sold one million barrels of oil to a refinery in Vietnam for delivery in May, as well as 400,000 barrels to Thai refiner Bangchak Petroleum, and it is not yet known whether the remaining quantity has been sold.

Sinopec, Ni Son and Bangchak have yet to provide official comments on the events.

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