Posted By : | Date :06-08-2016
More than 25 European and Asian-owned supertankers are shipping Iranian oil, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January, according to Reuters. Iran was struggling as recently as April to find partners to ship its oil, but after an agreement on a temporary insurance fix more than a third of Iran's crude shipments are now being handled by foreign vessels. "Charterers are buying cargo from Iran and the rest of the world is OK with that," said Odysseus Valatsas,…
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