MOSCOW (MRC) -- Russia loaded the second oil cargo for delivery to Brazil in September, two traders said and LSEG data showed, as per Reuters.
A tanker Apus loaded 100,000 tons of Varandey oil sourced by Lukoil in the Arctic port of Murmansk on Sept. 10, LSEG data shows. The vessel is expected to arrive in Brazil's Pernambuco area at the end of the month, according to LSEG data.
Lukoil did not reply to a Reuters request for comment. Lukoil loaded 80,000 metric tons of Varandey blend in August for delivery to Brazil making it the first Russian oil supply to the Latin American country on record.
The Stratos Aurora vessel was set to offload in the terminal of Madre de Deus port in Brazil, operated by Transpetro, a subsidiary of Petrobras, according to sources and shipping data.
Brazil has become one of major buyers of Russian fuel this year. The country is an oil producer and has it own refineries, but the produced volumes are not always enough for domestic demand. Brazil also imports crude oil for refining from west Africa and Saudi Arabia to add to refinery feeedstock.
We remind, Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which has been drastically limited by U.S. and EU sanctions. Russia has been heavily relying on India and China as main buyers of its crude after European embargo and price cap policies were imposed in December last year after Russia's action in Ukraine that Moscow calls a special military operation.