Covart Energy LTD specializes in the supply of petroleum products by sea and railway transport, the geography of its business covers various areas.
The company is included in the sanction list of the US Treasury. Hong Kong-based Covart Energy Limited (Covart) has sharply increased its share of the trade of Russian oil since the price cap policy was implemented. Since May 2023, vessels chartered by Covart have made at least 23 port calls in Russia. Covart also owns a Russia-flagged vessel, the Sanar 15.
| December 20, 2023 | The United States has tightened measures to comply with the price ceiling for Russian oil |