Iran changes tactics, destinations on oil exports, maritime official says

Iranian oil
Iranian oil

 Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of U.S. sanctions, a senior Iranian maritime official was quoted as saying on Saturday by the semi-official ILNA news agency.

"The Oil Ministry's tactics in exporting oil andpetroleum products have changed, … and perhaps the destinations of oilcargoes from our ports have changed," Hadi Haqshenas, maritime affairsdeputy director at Iran's Ports and Maritime Organization, told ILNA.

Haqshenas gave no details of the new tactics ordestinations.

Iranian crude oil exports have fallen in May to 500,000barrels per day (bpd) or lower, tanker data showed and industry sources said,after the United States tightened the screws on Tehran's main source of income,deepening global supply losses.

Iranian exports have become more opaque since U.S. re-imposed sanctions in November after pulling out of a 2015 nuclear accord between Tehran and six world powers.

Tehran no longer reports its production figures to the Organization of the Petroleum Exporting Countries (OPEC) and there is no definitive information on exports.

"Of course, it cannot be denied that the loading of oiland products has fallen compared to the past, but the shipping of oil cargoesfrom out ports has definitely not stopped," Haqshenas said, without givingfigures.

Related Stories

No stories found.
logo
Ajel
english.ajel.sa