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China hires at least two supertankers for Iranian oil

Steel News - Published on Fri, 27 Jan 2012

China has hired at least two supertankers to ship oil from Iran as the US and allies try to cut the Islamic Republic’s oil income to pressure it over its nuclear program.

According to Clarkson Research Services Limited, the two supertankers were booked to carry about 2 million barrels of crude from Kharg Island to China. Two other ships that called at an Iranian oil terminal are heading for China.

China imported 2.4 million tonnes of crude from Iran last month. While European Union diplomats agreed to embargo Iranian oil and Japan said it would reduce its imports from Iran, China’s vice foreign minister said this month that his government opposes imposing pressure and sanctions.

A very large crude carrier called Qi Lian San was booked to load 270,000 tons of crude at Kharg Island from Feb. 3 to Feb. 5 and carry the cargo to China. The vessel is anchored near Singapore.

Zhuhai Zhenrong Company, the Chinese oil trader sanctioned by the US January 12 for allegedly selling refined petroleum to Iran, also booked an unidentified ship owned by the National Iranian Tanker Company to load 265,000 tonnes of crude in Kharg Island on January 29th 2012 and sail to Ningbo. The booking was also reported by shipbroker Poten & Partners in New York.

(Sourced from Bloomberg)

Posted By : admin on Fri, 27 Jan 2012
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