India to Dubai, tanker giants sprout to keep Russian oil moving
Business Standard|March 20, 2023
At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on the floor outside.
ELIZABETH LOW
India to Dubai, tanker giants sprout to keep Russian oil moving

A guy from a neighboring office says the staff moved out a few weeks ago, destination unknown. In Dubai, a small office in an industrial estate, offers no clues that it, too, is a small cog in Russia's vast new petroleum supply chain.

The two locations are listed on an international maritime database as belonging to firms running $2 billion in tanker assets between them. They assembled fleets in under a year that are now delivering millions of barrels of Russian oil across the globe.

This story is from the March 20, 2023 edition of Business Standard.

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This story is from the March 20, 2023 edition of Business Standard.

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