Russian oil tanker Boracay resumes voyage after being seized by France

After being intercepted by the French navy, the Boracay oil tanker, linked to Russia's shadow fleet, left Saint-Nazaire with its oil cargo, reigniting tensions over Moscow’s circumvention of European sanctions.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

The Boracay oil tanker, seized off the French coast last Saturday, resumed its voyage during the night from Thursday to Friday, according to data from maritime tracking systems. The vessel had been redirected to Saint-Nazaire as part of a judicial operation concerning inconsistencies in its declared nationality and the absence of a flag, characteristics typical of ships belonging to the so-called “shadow fleet” used by Russia to bypass Western sanctions.

Boracay was carrying a cargo bound for India

According to information from the French judiciary, the tanker was carrying a shipment of oil originating from the port of Primorsk, near Saint Petersburg, and was initially en route to Vadinar, India. This city hosts the country’s second-largest refinery, operated by Nayara Energy Limited, a company 49% owned by Russian oil giant Rosneft. The destination is included in the 18th package of European sanctions introduced in July.

The ship’s captain and his first officer, both Chinese nationals, were taken into custody and later released on Thursday. The captain is expected to appear before the Brest court in February for disobeying orders, while no charges have been filed against his first officer.

Paris intensifies its obstruction policy

The seizure of the Boracay is part of what the Élysée has called a “policy of obstruction” targeting maritime flows contributing to Russia’s financial capacity to wage war in Ukraine. French President Emmanuel Macron stated that this clandestine fleet generates more than EUR30bn ($32.24bn) annually, accounting for up to 40% of Moscow’s wartime revenues.

During a European summit in Copenhagen, Macron announced an upcoming meeting of military chiefs of staff, coordinated with the North Atlantic Treaty Organization (NATO), aimed at developing a joint response under the framework of the Coalition of the Willing to provide security guarantees to Ukraine.

A fleet difficult to trace

The Boracay, a 244-metre-long tanker built in 2007, exemplifies the difficulty of tracking such vessels. Data shows it has operated under at least seven different flags, including those of Liberia, Djibouti, and Hong Kong. Frequent changes in registration, the use of offshore-based owners, and the regular deactivation of transponders make identification and tracking complex.

A total of 444 vessels are currently subject to European Union sanctions. A military source indicated that between 10 and 15 shadow fleet tankers pass off the coast of Brest each day.

Accusations rejected by Moscow

Russian President Vladimir Putin described the Boracay’s seizure as “piracy”, claiming the vessel was in international waters and carried no military goods. While denying any direct Russian involvement, he accused France of provoking an escalation without legal grounds.

Additionally, there has been speculation about a possible link between the Boracay and drone flyovers reported in Denmark in late September. No evidence has been provided to support such a connection, and French authorities have not launched an investigation on that matter.

Russia’s Energy Ministry stated it is not considering blocking diesel exports from producers, despite increasing pressure on domestic fuel supply.
TotalEnergies has reached a deal to sell mature offshore oil fields in the North Sea to Vår Energi as part of a $3.5bn divestment plan aimed at easing its rising debt.
The Russian government has extended the ban on gasoline and diesel exports, including fuels traded on the exchange, to preserve domestic market stability through the end of next year.
OPEC has formally rejected media reports suggesting that eight OPEC+ countries plan a coordinated oil production increase ahead of their scheduled meeting on October 5.
International Petroleum Corporation has completed its annual common share repurchase programme, reducing its share capital by 6.2% and is planning a renewal in December, pending regulatory approval.
Kansai Electric Power plans to shut down two heavy fuel oil units at Gobo Thermal Power Station, totalling 1.2GW of capacity, as part of a production portfolio reorganisation.
Canada’s Questerre partners with Nimofast to develop PX Energy in Brazil, with an initial commitment of up to $50mn and equal, shared governance.
BP commits $5 billion to Tiber-Guadalupe, with a floating platform targeting 80,000 barrels per day and first production in 2030, to increase its offshore volumes in the Gulf of Mexico.
Russia projects a 12.5% contraction in oil and gas revenues in 2025, before a gradual recovery through 2028, according to official economic projections.
Baker Hughes will supply up to 50 subsea trees and associated equipment to Petrobras to support offshore production in Brazil, strengthening its role in the development of pre-salt fields.
Driven by rising global energy consumption and exploration investments, the oilfield service equipment market is expected to grow at a 5.39% CAGR to reach $36.87bn by 2031.
US sanctions against Serbian oil company NIS, owned by Gazprom, were delayed by eight days after talks between Belgrade and Washington, President Aleksandar Vucic said.
Vitol strengthens its presence in West Africa by acquiring a 30% stake in the Baleine oil field from Eni, while maintaining an active role in the country’s offshore development.
The number of active drilling rigs in the United States rose for the fourth consecutive week, supported by higher crude prices and OPEC+’s difficulties in meeting production targets.
Baghdad has restarted crude shipments from Kurdistan via the pipeline to Turkey, following a two-year halt linked to legal and contractual disputes involving international firms operating in the region.
Washington offers New Delhi an alternative to its Russian imports while maintaining tariff pressure, exposing a double standard in US energy policy.
Canadian group North Atlantic will acquire ExxonMobil’s stake in Esso France, including the country’s second-largest refinery, with the ownership change expected by the end of 2025.
Ghana’s only refinery is preparing to resume operations after a prolonged shutdown caused by technical and financial issues, with a restart scheduled for October according to its management.
BP revises its annual forecast and now expects global oil demand to grow until 2030, due to slower worldwide energy efficiency gains.
The Liberian government awarded four offshore oil blocks to Nigerian company Atlas-Oranto for $12 million, strengthening the regional presence of African junior players in offshore exploration.

Log in to read this article

You'll also have access to a selection of our best content.

[wc_register_modal]