Iran hunts for more ships to keep its oil flowing


  • World
  • Wednesday, 13 Mar 2019

FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo

LONDON/DUBAI (Reuters) - Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western sources said.

Since U.S. President Donald Trump reimposed sanctions in November, exploratory talks with South Korea for up to 10 new supertankers have stalled, Panama has removed at least 21 Iranian tankers from its registry and Tehran is now looking for extra vessels in places such as Vietnam, the sources said.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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

Argentina's Milei faces biggest protest yet as students march over budget cuts
2nd LD: Plane crashes into river in Alaska
U.S. crude oil inventories down last week: API
1st LD: Plane crashes into river in Alaska
Urgent: Plane crashes into river in Alaska
Ukraine introduces power supply restrictions to businesses, industry
Feature: Spanish city of Barcelona celebrates day of books and love
Greece's primary budget surplus exceeds target in 2023
U.S. stocks close higher
UNEP: INC-4 must make meaningful progress

Others Also Read