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Crude Oil's Thriving Black Market

Monday, July 31, 2023

Russia’s invasion of Ukraine ignites a black market fever for cheap crude oil. Pertamina refuses it, Bakamla captures a tanker transporting the oil.

arsip tempo : 170177733130.

Patrol vessel KN. Pulau Marore-322, owned by the Maritime and Security Agency (Bakamla) inspects the Iranian-flagged Very Large Crude Carrier (VLCC), MT Arman 114, and the Cameroon-flagged MT S Tinos, as they are spotted conducting a ship-to-ship oil transfer reportedly without a permit, near North Natuna Sea, July 7 in this handout picture released July 11. Bakamla/Handout via REUTERS . tempo : 170177733130.

IT has been almost a month since supertanker MT Arman 114 dropped anchor at Batam’s Batu Ampar Harbor, Riau Islands. The Maritime and Security Agency (Bakamla) stopped all activities on the Iranian-flagged, very large crude carrier on Friday, July 7. The tanker is suspected of transferring oil in the Indonesian Exclusive Economic Zone (EEZ) in the Natuna waters. “To this day, we are still holding the tanker,” said Bakamla s


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