'Secretive' UAE and Swiss-based firms reportedly major crude suppliers to Israel
'Secretive' UAE and Swiss-based firms reportedly major crude suppliers to Israel Two little-known oil traders, Vitol and Heritage Petroleum FZCO, have emerged as two of the top suppliers of crude to Israel during its genocide in Gaza , according to a new report by Oil Change International (OCI) and the Centre for Research on Multinational Corporations (SOMO). Together, the companies collectively…
Two obscure oil merchants, Vitol and Heritage Petroleum FZCO, have surfaced as two of the primary crude suppliers to Israel during its military campaign in Gaza, according to a fresh report by Oil Change International (OCI) and the Centre for Research on Multinational Corporations (SOMO). The duo together dispatched around 22 million barrels to Israel, accounting for 11 percent of the nation's total crude imports between October 2023 and June 2026, the report determined.
Despite a Turkish ban on arms to Israel, the lion's share of the oil transported by the two entities traverses the Turkish port of Ceyhan. Furthermore, investigators uncovered two Heritage subsidiaries on the Turkish trade register. While heavyweight oil corporations such as BP, Chevron, ExxonMobil and Shell have faced criticism for their involvement in supplying oil to Israel during its Gaza offensive, the role played by a clandestine network of oil traders in the supply chain has garnered considerably less attention.
OCI and SOMO's investigation utilizes data from the shipping platform Kpler, containing known "charterers" encompassing trade and shipping details.
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