Ukraine included the Irish supplier of bunker fuel in the list of sponsors of the war
22.04.2023 - 12:45
The Irish company Peninsula Petroleum Limited, which refuels and services tankers with russian oil, was added to the list of international sponsors of the war.
Peninsula Petroleum Limited is a leading global marine fuel company based in Ireland.
The company was added to the list of international sponsors of the war, the National Agency for the Prevention of Corruption reported.
Peninsula Petroleum Limited continues to earn excess profits and deliver fuel for ships that transport russian oil. Large tankers leave russian federation daily through the Baltic Sea, despite the fact that the EU imposed an embargo on Rosneft imports after a full-scale invasion of Ukraine. These vessels usually stop at the port of Skau in Northern Denmark to refuel before heading to end customers outside Europe.
Peninsula Petroleum operates as a global supplier of bunker fuel, making over 25,000 deliveries per year and offering fuel resale services, technical expertise, fleet management and yachting services.
Despite the fact that several companies that supply bunker fuel have stopped cooperation with the companies of the aggressor country, Peninsula Petroleum consciously continues to supply fuel to tankers in Danish waters when they return or go to one of the main oil ports located in the north-west of russian federation.
This allows the company to set higher prices when selling fuel to tankers transporting russian oil.
A review of AIS data in the area shows that Peninsula Petroleum supplies large quantities of fuel to tankers bound for and from russia each week. The company says that the sanctions were never intended to completely cut off russian oil from the global market, as this would raise oil prices and harm the global economy.
So, while russia is looking for ways to support its economy weakened by the effectiveness of global sanctions, Peninsula Petroleum Limited directly contributes to the transportation and sale of Rosneft through the refueling and maintenance of its tankers. This demonstrates the company’s support and sponsorship of the war, the National Agency for the Prevention of Corruption noted.
