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

Iran has adopted new techniques and new locations in delivery 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 information company.

“The Oil Ministry’s techniques in exporting oil and petroleum merchandise have modified, … and maybe the locations of oil cargoes from our ports have modified,” Hadi Haqshenas, maritime affairs deputy director at Iran’s Ports and Maritime Group, advised ILNA.

Haqshenas gave no particulars of the brand new techniques or locations.

Iranian crude oil exports have fallen in Could to 500,000 barrels per day (bpd) or decrease, tanker knowledge confirmed and trade sources mentioned, after the USA tightened the screws on Tehran’s principal supply of earnings, deepening international provide losses.

Iranian exports have turn out to be extra opaque since U.S. re-imposed sanctions in November after pulling out of a 2015 nuclear accord between Tehran and 6 world powers.

Tehran not stories its manufacturing figures to the Group of the Petroleum Exporting Nations (OPEC) and there’s no definitive data on exports.

“After all, it can’t be denied that the loading of oil and merchandise has fallen in comparison with the previous, however the delivery of oil cargoes from out ports has positively not stopped,” Haqshenas mentioned, with out giving figures.—Reuters

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