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Thursday, 26 January 2017

Iranian oil tankers return to European waters

Iranian oil tankers return to European waters:

"Supertankers from Iran’s state-owned oil fleet are sailing to Europe for the first time since sanctions were eased last year, as one of the world’s biggest crude shippers moves to step up deliveries.

The National Iranian Tanker Company currently has two giant vessels called ‘Snow’ and ‘Huge’ steaming towards the storage and trading port of Rotterdam after loading at Kharg Island earlier this month.

While European refiners have been taking small cargoes of Iranian crude since the loosening of sanctions linked to the nuclear deal with Tehran last year, these are the first vessels operated by the NITC rather than independent shippers. Each of the very large crude carriers (VLCCs) are capable of carrying more than 2m barrels of oil."



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