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Russia ships first naphtha cargo to Vietnam, data shows
Published by Global Banking & Finance Review®
Posted on August 6, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on August 6, 2025
2 min readLast updated: January 22, 2026
Russia has sent its first naphtha shipment to Vietnam, seeking new buyers amid Western sanctions. The Northernlight tanker delivered 60,000 tons to Khanh Hoa terminal.
MOSCOW/SINGAPORE (Reuters) -Russia has shipped its first naphtha cargo to Vietnam, as it looks for new buyers to support sales hit by Western sanctions, data from traders and shipbrokers showed.
According to LSEG and Vortexa shipping data, the Malta-flagged tanker Northernlight loaded around 60,000 metric tons of naphtha in the Russian Baltic port of Vysotsk on June, 23 and delivered its cargo at Vietnam's Khanh Hoa terminal.
State-owned Petrolimex did not respond on Reuters request to comment.
The tanker discharged up to 27,000 tons of naphtha at Khanh Hoa, one of the sources said, adding that the terminal mostly consists of bonded storage tanks.
According to LSEG and Vortexa data, after the Vietnam stop the Northernlight is heading to Chinese port of Dalian to discharge the rest of its cargo.
Since the European Union's full embargo on Russian oil products went into effect in February 2023, countries in the Middle East and Asia have become the main destinations for Russia's naphtha supplies.
Naphtha is a primary feedstock in the petrochemical industry for producing olefins and aromatics, which are then used to manufacture a wide array of products, including plastics, synthetics, and various other chemicals, and also used for gasoline blending.
Russia doesn’t supply oil to Vietnam, despite active cooperation in the oil industry between state companies. The only test supply was back in 2015, when a cargo of ESPO was shipped to Dung Quat refinery.
(Reporting by Reuters in Moscow and Trixie Yap in Singapore;Editing by Kim Coghill)
The shipment marks Russia's first naphtha cargo to Vietnam as it seeks new buyers amid Western sanctions affecting its oil sales.
The Malta-flagged tanker Northernlight loaded approximately 60,000 metric tons of naphtha at the Russian Baltic port of Vysotsk.
After discharging up to 27,000 tons of naphtha at Khanh Hoa, the Northernlight tanker is heading to the Chinese port of Dalian to discharge the remainder of its cargo.
Since the European Union's full embargo on Russian oil products took effect in February 2023, countries in the Middle East and Asia have become the primary destinations for Russia's naphtha.
Russia does not supply oil to Vietnam, although there has been cooperation in the oil industry between state companies, with the only test supply occurring in 2015.
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