Thursday 19 April 2012

FACTBOX-Iran's NITC fleet storing up to 8 mln bbls oil - Yahoo! News UK

Iranian oil tanker operator NITC has had four supertankers anchored off Iran's coast for more than a month storing as much as 8 million barrels of crude, a level unchanged from March, according to Reuters calculations.
The draught measurements of the four very large crude carriers (VLCC) indicated they were fully, or almost fully, loaded, according to Reuters Freight Fundamentals Database.
It was not clear if the ships were carrying crude, fuel oil or other products.
Oil trade with Iran has become increasingly difficult as the European Union and the United States impose stricter sanctions aimed at cutting Tehran's oil revenues and forcing it to halt its nuclear programme.

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