Iran bolsters oil tanker fleet as sanctions noose tightens


  • World
  • Wednesday, 07 Aug 2013

LONDON (Reuters) - Iran has taken delivery of several new oil tankers in recent weeks as it relies more on its own fleet capacity to help sustain crude export shipments in the face of western sanctions.

Existing U.S. and EU measures have already reduced Iran's oil exports by more than half from pre-sanction levels of about 2.2 million barrels per day (bpd), costing the Islamic Republic billions of dollars in lost revenue a month.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Chad votes in first Sahel presidential poll since wave of coups
Paving the way for fully recyclable printed circuit boards
Blinken to travel to Guatemala on Tuesday, US State Dept says
Enhanced cultural exchanges urged between China, Bulgaria
Parents of US, Australian tourists presumed killed in Mexico to try identifying bodies
Brazil ex-president Bolsonaro hospitalized again with skin infection
Saudi Arabia posts 3.3-bln-USD deficit in Q1
Russian attacks on Kharkiv, surrounding area kill one, injure 17, officials say
Tanzania's southern highway shut down after 4 bridges washed away by flash floods
Feature: Gastronomy festival on Seine marks 60th anniversary of China-France ties

Others Also Read