In May, Saudi Arabia will reduce prices for all grades of oil for Asian buyers by $2.3 per barrel – the maximum since October 2022.
As a result, the main grade supplied to Asia – Arab Light – will fall to its lowest price in 4 months. It will cost $1.2 more than the Oman/Dubai oil basket, state-owned Saudi Aramco said in a statement. Prices for all oil grades for the U.S. will be reduced by $0.2 per barrel, for buyers from Northwest Europe and the Mediterranean – by $0.5 per barrel.
A solemn ceremony to mark ASEAN Day, which brought together diplomatic missions of Southeast Asian countries, Ukrainian officials and guests, took place in the Indonesian Park at the Hryshko National Botanical Garden in Kyiv.
“ASEAN started as an organization of five countries and gradually expanded its ranks to include Vietnam, Laos and Cambodia. Today, thanks to our unity, we continue to promote peace and stability in the region. The value of good relations with neighbors has been known since ancient times… Although ASEAN has not yet reached the level of cohesion as the European Union, we believe that our association is the best form of unification to address regional challenges,” said Nguyen Hong Thac, Ambassador of Vietnam to Ukraine.
In his turn, Ambassador of Indonesia to Ukraine Arif Muhammad Basalama noted that ASEAN has made significant progress in promoting economic growth, cultural exchange and political stability over 57 years. “Our unity allows us to overcome challenges and seize opportunities to improve the lives of our peoples. In the spirit of ‘One Vision, One Identity, One Community’, we look forward to deepening our partnership with Ukraine,” the diplomat added.
The Association of Southeast Asian Nations (ASEAN) was founded on August 8, 1967, in Bangkok by the five founding members: Indonesia, Malaysia, the Philippines, Singapore and Thailand. The main goal of the organization is to promote economic growth, cultural exchange, political stability and regional cooperation.
Today, ASEAN has ten member states, including Brunei, Cambodia, Laos, Myanmar, Thailand, and Vietnam. Through cooperation and integration, the organization continues to develop, advocating for peace and stability in the region.
Arif Muhammad Basalama, ASEAN, ASIA, INDONESIA, Nguyen Hong Thac, VIETNAM
Ports “Chernomorsk” and “Pivdenniy” within the framework of “grain initiative” on Monday sent 150 thousand tons of agricultural products by three vessels to Asian countries, the Ministry of Agriculture said on Monday.
“In particular, the bulk carrier ASL Ileana with 54,600 tons of wheat for Bangladesh,” the ministry pointed out.
The ministry said that Bangladesh remains a key consumer of Ukrainian wheat: since the beginning of the “grain initiative” the country has received more than 710 thousand tons of wheat from Ukraine.
“These volumes could have been higher if the Russians had not purposefully slowed down the inspection of ships in Turkey,” the ministry stressed.
According to the Ministry, there are an average of six inspections per day for both entry and exit ports, or half of the approved plan. In the Bosphorus, 94 ships are waiting for their turn to be inspected by the Joint Coordination Center (JCC).
A total of 848 vessels have left the ports of Greater Odessa since August 1, exporting 25.9 million tons of Ukrainian food to Asia, Europe and Africa.
“The Grain Deal” was concluded in Istanbul on July 22, 2022. The UN, Russia, Turkey and Ukraine signed two documents – on the creation of a corridor for the export of grain from three Ukrainian ports (Chornomorsk, Odessa and Pivdennyy) and on the removal of barriers to the export of Russian food and fertilizers for a period of 120 days with the possibility of extension.
On March 18, when the initiative was set to expire again, the UN said it would be extended. It did not specify any timeframe, but the Turkish press, citing claims by the Ukrainian side, reported that it was “an extension of 120 days,” while the Russian side insisted that the initiative had been extended for only 60 days.
Ports of “Big Odessa” last Saturday and Sunday dispatched 390 thousand tons of agricultural products within the framework of the “Grain Initiative”, the Ministry of Infrastructure of Ukraine reported.
“For the last two days, nine ships left the ports of “Big Odessa” to deliver 390 thousand tons of agricultural products to Africa, Asia and Europe, including bulk carriers ALANDA STAR and SSI PRIVILEGE with 68 thousand tons of wheat for Egypt and Indonesia, as well as tanker EUROCHAMPION with 45 thousand tons of vegetable oil for India,” the Ministry noted.
The Ministry notes that 24 ships are being processed at the ports, involved in the “grain initiative. They load more than 860 thousand tons of Ukrainian agricultural products.
“Grain corridor” also moves three vessels for the loading of 93 thousand tons of agricultural products.
At the same time, 99 ships are waiting for inspection in the Bosporus, 72 of which – to enter the ports for loading, 27 – already with Ukrainian agricultural products.
“Russia’s goal is to slow down the process of vessel inspections. First they reduced the number of inspection teams to three, now they started to drag out the time of inspections themselves. Representatives of the Russian Federation have started to check even indicators that are not stipulated in the documents of the SKC and have nothing to do with the subject of the inspection (for example, whether judicial units work well, how much fuel, etc.),” explains Deputy Minister of Community, Territory and Infrastructure Development Yuriy Vaskov.
According to him, under this algorithm, the inspection of a single ship takes four hours, which leads to a longer queue and at the same time a million losses for the cargo owners because of downtime.
According to the Ministry of Infrastructure, as of December 25, inspection group #3 had not held a single inspection, resulting in only six inspections per day out of 10 scheduled.
The agency noted that for continuous movement of grain corridor should be held at least 12 inspections per day.
In total, since August 1, 594 ships left the ports of Greater Odessa, which exported 15.5 million tons of Ukrainian food to Asia, Europe and Africa.
The Cabinet of Ministers of Ukraine has decided to increase humanitarian aid to Africa and Asia by an additional 21,000 tons of corn or wheat, and also changed the terms of their delivery from CIF (sender pays cargo insurance) to FOB (delivery of goods before loading on board the ship).
According to the representative of the Cabinet of Ministers in the Verkhovna Rada Taras Melnychuk in his Telegram channel, the relevant decision was taken at a government meeting on Friday.
Earlier, in November, the government passed resolution No. 1313, approving the allocation of 900 million UAH to the Ministry of Internal Affairs of Ukraine (MIA) for its constituent State Emergency Service (SES) to purchase in Ukraine and subsequent delivery to the Republic of Sudan, Republic of Yemen, Republic of Kenya and Federal Republic of Nigeria of up to 64 thousand tons of corn or wheat grain. In addition, Ukraine undertook to send at least 125 thousand tons of wheat and corn (quality not lower than the 3rd class).
Thus, taking into account the decree adopted on 23 December, the four countries will receive from Ukraine up to 210 thousand tons of grain.
For 2 days 9 vessels with 162 thousand tons of agricultural products for the countries of Africa, Asia and Europe departed from Big Odessa ports, the Ministry of Infrastructure of Ukraine informs.
“In particular, the bulk carrier BOZBURUN – M with 40 thousand tons of wheat for Ethiopia departed today. This is already the eighth vessel chartered by the UN World Food Programme as part of the assistance to countries in Africa and Asia,” the Telegram channel said.
In the ports of Greater Odessa under the processing of 26 ships. They are loaded with 1 million tons of Ukrainian agricultural products.
Since August 1, 475 ships left the ports of Big Odessa, which exported 11.2 million tons of Ukrainian food products to Asia, Europe and Africa.
