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Spotlight | Africa
Dubai traders Coral Energy and Demex in Washington's sights over sale of Russian oil

An oil terminal in the Black Sea port of Novorossiisk, Russia, May 2018. © Natalya Chumakova/Reuters

The US Office of Foreign Assets Control is investigating several trading firms suspected of selling Russian oil at a price below a cap set by the United States and its allies. They include Demex Trading and Coral Energy, which are particularly involved in Africa. [...]

Published on 14/10/2024 at 05:40 GMT Reading time 4 minutes Clotilde Ravel

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Energy

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2Rivers Group
Ahmed Karimov
Bellatrix Energy
Black Pearl Energy DMCC
Blackford Corp
Concept Oil Services
Coral Energy DMCC
Coral Energy PTE
Covart Energy
Demex Trading DMCC
Dubai Multi Commodities Centre
European Union
Everest Energy DMCC
Foxton FZCO
G7
Gulf Cooperation Council
Guron Trading
Igor Sechin
Michael Zeligman
Mikhail Mezhentsev
Office of Foreign Assets Control
Pontus Trading DMCC
Pratum Oil Trading
Rosneft
Voliton DMCC

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Subscribers only Energy 08.10.2024

In Focus | Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

From Dubai, a discreet Russian trading firm is making its mark in the distribution of petroleum products in West Africa. It is doing so in close collaboration with the Kremlin, which wants to circumvent sanctions and extend its influence in Africa.

Subscribers only Energy 02.09.2024

Spotlight | Sudan
Washington, Brussels and London seek common ground on new sanctions

While the United States is trying to negotiate a humanitarian agreement between Sudan's warring parties in Geneva, Western powers are preparing a new set of sanctions. The two agendas risk clashing.

Subscribers only Diplomacy 29.08.2024

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In Focus | Africa
From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

Dubai-based Coral Energy has recently made an aggressive entrance on the oil trading market in several sub-Saharan African countries where competitors suspect it of reselling Russian products. Africa Intelligence lifts the veil on this little-known trader.

Subscribers only Energy 20.11.2023

From left to right: Coral's founder, Azerbaijani Tahir Garayev, his compatriot Ahmed Karimov and the head of the Rosneft group, Igor Setchine.

In Focus | Angola, South Africa
Bekker, Penny, Dos Santos... Russia's African partners kept at bay by war in Ukraine

Since Moscow began its military offensive in Ukraine, numerous southern African entrepreneurs have had to freeze their investment projects in Russia or leave their positions as directors of companies under sanctions. Being separated from these wealthy Africans has entrenched the dichotomy of Russia's presence on the continent:

Subscribers only Business 25.04.2022

Naspers' boss Koos Bekker, former CEO of De Beers Gareth Penny and Isabel Dos Santos, daughter of Angola's former President.

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2Rivers Group
Ahmed Karimov
Bellatrix Energy
Black Pearl Energy DMCC
Blackford Corp
Concept Oil Services
Coral Energy DMCC
Coral Energy PTE
Covart Energy
Demex Trading DMCC
Dubai Multi Commodities Centre
European Union
Everest Energy DMCC
Foxton FZCO
G7
Gulf Cooperation Council
Guron Trading
Igor Sechin
Michael Zeligman
Mikhail Mezhentsev
Office of Foreign Assets Control
Pontus Trading DMCC
Pratum Oil Trading
Rosneft
Voliton DMCC

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Senegal
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Spotlight | Africa
Dubai traders Coral Energy and Demex in Washington's sights over sale of Russian oil

This article may be accessed by subscribers

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Set up email notifications for these topics

Central African Republic
Touadéra nurtures Moscow relations ahead of ministerial talks

South Africa
Oil minister stonewalls MPs when quizzed about Russian bank's role in TotalEnergies exit

In Focus | Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Spotlight | Sudan
Washington, Brussels and London seek common ground on new sanctions

In Focus | Africa
From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

In Focus | Angola, South Africa
Bekker, Penny, Dos Santos... Russia's African partners kept at bay by war in Ukraine

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Spotlight | Africa Dubai traders Coral Energy and Demex in Washington's sights over sale of Russian oil

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create a free account

Set up email notifications for these topics

Central African Republic Touadéra nurtures Moscow relations ahead of ministerial talks

South Africa Oil minister stonewalls MPs when quizzed about Russian bank's role in TotalEnergies exit

In Focus | Mali, Senegal, Togo The secrets of Demex, the trader selling Russian oil in West Africa

Spotlight | Sudan Washington, Brussels and London seek common ground on new sanctions

In Focus | Africa From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

In Focus | Angola, South Africa Bekker, Penny, Dos Santos... Russia's African partners kept at bay by war in Ukraine

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Spotlight | Africa
Dubai traders Coral Energy and Demex in Washington's sights over sale of Russian oil

Central African Republic
Touadéra nurtures Moscow relations ahead of ministerial talks

South Africa
Oil minister stonewalls MPs when quizzed about Russian bank's role in TotalEnergies exit

In Focus | Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Spotlight | Sudan
Washington, Brussels and London seek common ground on new sanctions

In Focus | Africa
From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

In Focus | Angola, South Africa
Bekker, Penny, Dos Santos... Russia's African partners kept at bay by war in Ukraine