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The massive illegal oil trade outside Port Said
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The massive illegal oil trade outside Port Said
Port Said in Egypt has been a recipient of Russian oil despite EU and US sanctions, but the illegal oil trade outside the harbour and in international waters is also increasing. Port Said is becoming increasingly important for the illegal Russian oil trade due to a reduced illegal activity in Hurd’s Bank, the squeezing of the Russian shadow fleet in Europe and also the blockade of the Strait of Hormuz, which has pushed oil prices up. Egypt, alon…
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