21444
1st Supertanker Sails for Asia
Energy

1st Supertanker Sails for Asia

An Iranian supertanker with two million barrels of oil is heading to Asia, the first vessel to sail after a nuclear deal this week, data showed on Thursday.
Iran and six major world powers reached a landmark nuclear deal on Tuesday, clearing the way for an easing of international sanctions on Tehran and higher oil exports, Bunker World reported.
Oil analysts do not expect Iran to make a major return to the market until next year.
The fully laden Starla, operated by Iran’s top tanker group National Iranian Tanker Company, had been used for floating storage since Dec. 12, a tanker tracking source said.
“One of the scenarios is it could do an STS operation, although nothing is known at the moment,” the source said, referring to ship-to-ship transfers of oil between two vessels, usually at sea.
Thomson Reuters Eikon shipping data showed the vessel sailing through the Sea of Oman with a Singapore destination. Earlier this week, the Starla was idling offshore the United Arab Emirates in an area known as Khor Fakkan, often used for STS.
It is unclear whether the estimated 2 million-barrel cargo had been sold, or if so whether the deal occurred after this week’s agreement.
Oil Minister Bijan Namdar Zanganeh said last month the country is aiming to add 500,000 barrels per day to production within two months of western sanctions being eased, and as much as 1 million bpd in six to seven months.
The sanctions had halved Iran’s shipments to 1 million bpd.

Short URL : http://goo.gl/He6YXO

You can also read ...

1st UAE Nuclear Power Plant to Operate Soon
A South Korean venture with the UAE is edging closer to...
BP-Petrobras Alliance to Explore Joint Projects
BP has announced that it has signed a memorandum of...
India's Iran Oil Imports Fall
India’s oil imports from Iran during the 2017-18 fiscal year...
Brent, WTI Remains Close to Three-Year Highs
Oil prices on Friday stayed near three-year highs reached...
Total   Technical Workshop in Bushehr
French energy giant Total S.A. held a technical workshop in...
OPEC Panel Confirms Oil Glut Elimination
A meeting of the Joint Technical Committee of OPEC and non-...
The second phase of Maroun power station became operational at an estimated cost of $107 million.
A 150-megawatt hydroelectric power plant was inaugurated on...
Iran plans to extend its 36,000-km high-pressure gas pipelines to  45,000 km by 2026.
In line with the policy to expand the national gas grid,...

Trending

Googleplus