Business · Trade · 8 hrs ago

Netherlands says tracing oil product origins is difficult as it buys from India

Netherlands says tracing oil product origins is difficult as it buys from India

The Netherlands is a major buyer of India’s petroleum products, and Rotterdam is a key gateway for fuel entering the EU.

India is the world’s second-largest buyer of Russian crude oil, after China, and Russia supplies nearly half of India’s oil imports.

The Dutch government says it is difficult to trace oil origins because crude is mixed at several points in the supply chain.

EU rules prohibit imports of petroleum products refined in other countries from Russian crude, but products from refineries that also process Russian oil are not automatically banned.

Importers must show that the specific products they bring into the EU were made from non-Russian crude and provide supporting documents.

The challenge is verifying where each shipment’s crude came from, while the Dutch government says not all shipments can be monitored.

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What people are saying

Pieter ten BruggencateSpokesperson for the Netherlands climate and green growth minister
It is difficult for any nation or organization to track the origins of oil products since they are mixed in "multiple places,
via Mint
Traders need to show no Russian oil is used in the refining process. National custom organizations need to monitor this, but cannot monitor all shipments.
via Mint
C. Uday BhaskarDirector at the Society for Policy Studies
It also reveals the interconnected nature now of the global supply chain in energy, particularly after what has happened in Hormuz and West Asia.
via Mint
Netherlands Embassy in New DelhiEmbassy statement
Under the EU regulations, exports to the EU are not automatically prohibited simply because a refinery processes Russian crude.
via Mint