The ships were all owned by the National Iranian Tanker Company and were fully laden with heavier sour grades of Iranian crude.
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Iran Stores 14 mln Barrels of Crude in the Gulf
Iran is storing at least 14 million barrels of crude on supertankers in the Gulf, a tanker industry source said on Wednesday
Iran is storing at least 14 million barrels of crude on supertankers in the Gulf, a tanker industry source said on Wednesday, in a strong sign Tehran was complying with an OPEC pledge to cut supply.
The source said that a week ago, Iran had stored up to 20 million barrels of crude on ten Very Large Crude Carriers (VLCC) in the Gulf, but had since released three of the ships back on to the market.
The ships were all owned by the National Iranian Tanker Company and were fully laden with heavier sour grades of Iranian crude.
Last year, Iran, OPEC’s second biggest producer, placed some 20 million barrels of crude, mostly Soroush and Nowruz grades, in floating storage because it was having difficulties finding buyers.
The ships were all owned by the National Iranian Tanker Company and were fully laden with heavier sour grades of Iranian crude.
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