Provides financial support to the Government of Iran through its shareholders which maintain ties with the Government; Removed from the E.U. Before sanctions, Tehran leased idle vessels to major oil companies. Aug. 5 - The U.S. Congress passed the Iran-Libya Sanctions Act to deter foreign investment in Irans energy sector. Current prices for a new VLCC is $93-$94 million, according to shipping broker Clarkson. The following are documented cases of Iranian ships engaged in oil smuggling operations. %%EOF Operation Sentinel will escort flagged vessels of participating nations in coordination with European, Asian and Middle Eastern allies. countries imported 20 percent of Irans oil at the time. It was originally run by the state under both the monarchy and the theocracy. Iran also regained access to the international financial system, repatriated billions of dollars in frozen assets abroad, and returned to the oil market. It was privatized in 2000 after a consortium of three Iranian pension funds purchased its shares. 51 percent of the revenues came from Europe, 26 percent from Asia, 15 percent from Africa and 8 percent from other parts of the world, including Canada, Venezuela and Latin America. 141 0 obj <>/Filter/FlateDecode/ID[<07C23D6E0868A828C100C5491906D705>]/Index[123 40]/Info 122 0 R/Length 93/Prev 415847/Root 124 0 R/Size 163/Type/XRef/W[1 2 1]>>stream Iran became one of the top five oil producers in the world. These states maintain an open registry, which allows ship owners to register vessels without ties to the country. [citation needed], In May 2018, when the Trump administration re-imposed sanctions against Iran after the US withdrawal from the JCPOA, China shifted its petroleum cargo to ships owned by the NITC to maintain or even increase its imports from Iran. As at 2011, NITC ranks as the fifth-biggest tanker operator worldwide, with a total of 43 ships. [2] It is the biggest tanker company in the Middle East. Sardashti also worked with Qatirji Group representative Viyan Zanganeh (Zanganeh) and a senior IRGC-QF official to facilitate the shipment of millions of dollars of oil by NITC. Many of these companies terminated contracts with the NITC after the Trump administration reinstated sanctions on Irans shipping industry in November 2018. In the last three months, 22 tankers owned by firms in Belize were moved directly under the ownership of the NITC, according to data reviewed by Akhbar Alaan. The United States granted temporary six-month waivers to a few countriesChina, India, South Korea, Turkey, Taiwan, Malaysia, South Africa, Singapore and Sri Lankathat had long depended on Iranian energy. sanctions on Syria. All fleet vessels KPI benchmarked against fleet averages to manage your company's risk and opportunities. Meet the Green Energy Group Behind the Study That's Driving Calls To Ban Gas Stoves. sanctions against the Assad regime and U.S. sanctions on Irans oil industry. Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40 liquefied natural gas (LNG) carriers and over 300 commercial vessels. that continuously broadcasts their location. Weitere. 162 0 obj <>stream Iranian company to build 113,000-ton oil tanker for NITC | Hellenic Shipping News Worldwide Got it This website uses cookies to ensure you get the best experience on our website. Be sure. ", "The working hypothesis at the moment is that it could either be an arbitrary detention of a vessel by Iran in response to the U.S. sailing its first unmanned vessel through the region last weekas a show of force," he said. NITC's revenues during the last Iranian year (ended March 20, 2009) reached $1.5 billion. According to the club's website, Kish P&I Club offers between $500,000and . All Content by Mehr News Agency is licensed under a Creative Commons Attribution 4.0 International License. Iranusedmultipledeceptivetacticsto cover the tracks ofthe Tour 2, whichdiscreetlyshippedoil to the Assad regime in Syria. We dont have any plan to expand the size but we do have the plan for fleet renewal to replace some of the older ships, Sardashti said. Each tanker reemerged with a change in draft, the measurement of a ships depth in the water. Cancel. Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD. Gibraltar released the oil tanker on August 15, after Tehran provided written guarantees that the ship would not deliver oil to Syria. hb```a``r Q Each country is responsible for the activities of the ships flying its flag and must ensure they abide by international maritime law. Jewish Students Reported a Professor for Anti-Semitism. In April 2019, Iran shipped as much as 300,000 bpd of oil using ship-to-ship transfers. As of 2015, Iran has 42 very large crude carriers or, This page was last edited on 10 October 2022, at 01:38. The National Iranian Tanker Company (NITC) began operations with one 35,000-ton tanker. Iran has used its fleet of 54 oil tankersthe second largest state-owned fleet in the worldas a tool to game sanctions to continue selling its oil. It also allows local maritime authorities to monitor traffic around their border using on-shore receivers. 60 miles from the Saudi port of Jeddah when it was hit. ", "Just last month, China brokered an agreement with Iran and Saudi Arabia which reflected Chinas growing influence in Iran," she said. Second round: In 2010, during the Obama administration, U.S. Congress passed the Comprehensive Iran Sanctions, Accountability, and Divestment Act, which targeted firms investing in Irans energy sector or selling refined petroleum to Tehran. The tanker is managed by a company based in Turkey, another country that has maintained generally good relations with Tehran. "Was this a miscalculation from Iran, or has Iran become so brazen that even its close ally China is immune? One tanker, Henna, was acquired by the Panama-registered Hectar Shipping. Between May 2 and September 10, 2019, at least a dozen Iranian oil tankers delivered crude oil to China, Syria, and Turkey. Iran has relied on a series of front companies, dozens of them registered in Belize, for tankers under its control. transponders when crossing the Suez Canal to hide their positions before they offloaded cargo in Syria and Turkey, The New York Times reported. Its first destination was listed as Kalamata, Greece, but the Greek government said it had no contact with the ship, nor did it have the capacity to host a tanker. #Oil leakage from Iranian Suezmax #tanker #Sabiti is under control and there was no fire on the vessel, owner National Iranian Tanker Company said in a statement | https://t.co/7dZt7KJFHg [1] In 2009, Iran and South Korea's Daewoo signed a $128-million contract on tanker supply with a capacity to carry 2.1 million barrels of crude. Irans total shipping capacity increased from 61.5 million barrels to 85.5 million barrels. In all six cases, the Iranian tanker left the Eastern Mediterranean riding lighter, which indicated that the ship had unloaded its cargo. The Millionaire was owned by the NITC but was flagged to Tanzania. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. In 2008, NITC transferred 103 million tons of petroleum products abroad. National Iranian Tanker Company (Nitc), AMBER, fleet safety risk rated. As the Grace 1, the tanker was originally flagged as a Panamanian vessel; it was seized by Gibraltar on July 4. Beijing is the biggest buyer of heavily sanctioned Iranian crude oil, importing at least $22 billion worth since President Joe Biden took office. One international tracking signal showed the Millionaire sailing the Lady Rashas course through the Mediterranean. In November 2018, the US Department of the Treasury announced sanctions against the NITC and its fleet of tankers as part of Washingtons reimposition of sanctions against Iran. Valuable research and technology reports. Top Alert Entity designated / sanctioned for terror, WMD and human rights violation, When you do Business with Iran this is what you pay for, Iranian Regime is infecting Business World with Cancer, World Map Countries who are Helping Iranian Regime, Mostazafan Foundation Network Association Chart, Mapna Group controlled by Iranian Regime Operational Scheme, Iran Foreign Investment Company (IFIC) Operational Scheme, Mostazafan Foundation Operational Scheme, Bonyad support network IRGCs financial lifeline, Iranian twitter and Instagram influence operation Soleimanism, EU Universities are helping Iran regime drone program, NIAC is Iran Regime controlled lobby in America, Iranian Diplomatic Infrastructure for Terrorism in the world, Iran Foreign Investment Company (IFIC) Report #2, IRGCs Involvement and Stake in the Iranian Telecommunications sector, Iran Foreign Investment Company (IFIC) and ASCOTEC, Iran airports report Revolutionary Guards control of Iranian airports, Islamic Revolutionary Guard Corps Irans cancer, Iran and Qatar joint venture-supporting terrorism, Insurers in love with the dark side Part II, Dont Make Them Do, What You Dont Believe In, U.S. imposes new sanctions over Iran sanctions evasion, targets Chinese firms, Tankers to discharge Iranian crude, condensate at Venezuelas main port, After Iraqi oil blending scheme, Iran found better way to evade U.S. sanctions, Irans tankers become more active as oil earnings rise, U.S. sanctions unable to hinder Iranian oil exports. Dynamic search and list-building capabilities. In 2019, Tehran faced another problem: It needed to modernize its aging oil tanker fleet; 16 of Irans 54 tankers were at least 19 years old, according to international shipping records. It also owns three chemical vessels and a liquefied petroleum gas (LPG) carrier. IvgDY,m>,vHeYe:2C,A* {6z3=Lt L15eS-umePE 1xa7PmC*'w]\t%YF'=@Ko~wQe+#9^ ]N'H/+?v{CQiGeDS()4seR~+w^M[-hy\]xeM:/tHfY8%N}WVRrdIDXq6"1yFYZ]6.1G&Jc`x=ERK{OtHoN-3: [1] The company transports Iranian crude to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, TotalEnergies, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi. [6] As of January 2011, NITC has 46 tankers with an annual capacity of 10.6 million tons to be increase to 12.5 million tons by the end of the year. ! D>+` NIOC and NITC provide both the oil and tankers for the sale of Iranian oil by the IRGC-QF. The National Iranian Oil Company (NIOC) had to offer greater incentives to negotiate contracts for supplies formerly sold to U.S. companies. The Masjid-i-Solaiman was the countrys first oil well. TEHRAN - Iranian Offshore Oil Company (IOOC), in collaboration with the National Iranian Tanker Company (NITC), has started implementing a project for injecting gas condensate into Soroush oil field in the Persian Gulf to maintain its production level. Find company research, competitor information, contact details & financial data for SANSONE of TOURCOING, HAUTS DE FRANCE. NITC personnel coordinated with the IRGC-QF on the loading of oil provided by NIOC, and NITC Managing Director Nasrollah Sardashti (Sardashti) worked with Hizballah on logistics and pricing for oil shipments to Syria. Irans single largest source of revenue is from oil exports; by mid-2019, 70 percent of its income was from petroleum products. BlackList is a list of all companies, organizations and figures who originate from Iran. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action. (May 7, 2020) Iran has shuffled the web of companies that own its oil tankers in recent months, forming five new firms in Belize while it shut down over a dozen front companies in the Carribean nation. In 2012, only seven of Irans 25 supertankers operated on-board transponders. Meanwhile, over a dozen of these Belize-based front companies, all sanctioned by the US, have become inactive, data from the International Business Companies Registry of Belize reveals. Tehran nationalized the oil industry after a series of disputes between the Iranian government and Anglo Iranian Oil Company, which had been administered by the British government. Currently sailing under the flag of Iran. Oil tankers typically have a lifespan of around 15 years to 20 years in the industry. 13599 for meeting the definition of the term Government of Iran.; Iranian oil shipment through The Suez canal provides a route for oil from Iran to Syria U.S. imposes sanctions on Irans petrochemical industry Greece and Iran: The Dark Side of the Relationship Report Announces Determination that the National Iranian Oil Company is an Agent or Affiliate of Irans Islamic Revolutionary Guard Corps; Treasury Targets Iranian Attempts to Evade Sanctions; Individuals and entities linked to National Iranian Tanker Company Listed by the European Union in October 2012 as an entity linked to Irans proliferation-sensitive nuclear activities or Irans development of nuclear weapon delivery systems; Effectively controlled by the Government of Iran. 51 percent of the revenues came from Europe, 26 percent from Asia, 15 percent from Africa and 8 percent from other parts of the world, including Canada, Venezuela and Latin America. In August 2019, Irans tanker storage capacity was full, with more than 111 million barrels stockpiled offshore on 12 tankers, a fifth of its total fleet. We identify risk of entities by COLOR selection, each color marks the risk level of the entity. Valuable research and technology reports. NITC serves Iran not only as a vehicle for. Entities affiliated with Designated / Sanctioned / Illicit entities. The imprisoned ship is registered to Chinas Puyin Financial Leasing Company Limited, which is based in Shanghai, according to Lloyds. All of the fleet is listed by Ofac, covering at least 54 tankers, including 38 VLCCs and eight suezmaxes according to Lloyd's List Intelligence. In 2008, NITC transferred 103 million tons of petroleum products abroad. TEHRAN Managing Director of the National Iranian Oil Company (NIOC) has praised the significant role of the National Iranian Tanker Company (NITC) in boosting the countrys oil exports during the previous Iranian calendar year (ended on March 20). Iraq attacked Iranian ships in the northern Persian Gulf starting in 1981, but Iran did not respond with similar attacks for three years. Irans Oil Tanker Adrian Darya Reaches Destination: Spokesman https://t.co/qoTebdHUkq pic.twitter.com/f6FM9AhTgB. NATIONAL IRANIAN TANKER - TEHRAN, IRAN: Manager : NATIONAL IRANIAN TANKER - TEHRAN, IRAN: Description: DAN is a Crude oil tanker built in 2009 by DAEWOO SHIPBUILDING & MARINE ENGINEERING CO. LTD. - GEOJE, SOUTH KOREA. To disguise ship identities, Iran also reflagged some of its tankers on the open waters to add an extra layer of protection to smuggling operations. Almost all international shipping companies and brokerage firms were there, said Sardashti. In June 2019, China imported only 210,000 barrels per day (bpd) of Iranian crudethe lowest in nearly a decade and 60 percent below imports from Iran in June 2018. BlackList is a list of all companies, organizations and figures who originate from Iran. Third round: In November 2018, the Trump administration re-imposed sanctions six months after withdrawing from the 2015 nuclear deal. : #NITC pic.twitter.com/R83xRqAq7i. NITC has a capacity of 11 million tons per year. As of 2015, Iran has 42 very large crude carriers or. The United States, European Union, and United Nations lifted or suspended certain sanctions. Adam Kredo and Reuters. In a depressed global shipping sector, Iran offers a rare business opportunity. A further 10 were built in 2000. In August 2019, with exports plummeting, Iran needed only 42 of its tankers to ship oil. The Europeans, China and Russiathe other partners to the dealcontinued to honor its terms. As of early 2020, the Qatirji Groups Zanganeh continued to work closely with the IRGC-QF to coordinate NIOCs provision of millions of barrels of oil and petroleum products to be shipped to Syria, as well as millions of dollars in payments back to Iran. Interesting detail about Stk Ayan: What does it have to do with Bumerz Shipping? In March 2019, Iran used 12 tankers, over a fifth of its fleet, for floating storage of unsold stocks, according to MarineTraffic. Traditional customers, such as South Korea, halted purchases of Iranian crude. Get the latest online operator and fleet vessel safety risk warnings with easy to use red, amber and green safety warning. Its services include shipping refined petrochemicals, transporting crude oil, rescuing lives at large oceans and sea, training oil spill task forces, and training services; NITC is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. V countries imported 20 percent of Irans oil. Jun 23 2020 (May 7, 2020) - Iran has shuffled the web of companies that own its oil tankers in recent months, forming five new firms in Belize while it shut down over a dozen front companies in the Carribean nation. By 2019, Iran had 54 tankers, including 38 very large crude carriers, or VLCCs, and eight Suezmaxes, according to Lloyds List Intelligence. , Two months later, Iran began to target ships ferrying oil for Iraq. Shipping sources estimate NITCs needs to replace over 20 tankers, including Very Large Crude Carriers (VLCC) capable of carrying 2 million barrels of oil, and Suezmax tankers capable of carrying 1 million barrels. The falsified signals disguised the identity of the Millionaire as a Syrian-owned ship, the Lady Rasha. Britain also announced its own European-led maritime protection mission to safeguard international shipping lanes. TheSabitiwas reportedly60 miles from the Saudi port of Jeddah when it was hit. April 22 The United States announced that it would stop granting sanctions exemptions to eight countries that imported Iranian oil: India, China, Turkey, Italy, Greece, South Korea, Taiwan, and Japan. The so-called Tanker War was launched in March 1984 by Iraqs airstrike on Irans Kharg Island oil terminus and several Iranian ships. NITC has also played a significant role in oil deals used to generate revenue for the IRGC-QF and Hizballah. "Two members of the boat's crew are missing and several were injured due to the collision of the ship with the boat," an Iranian army statement said. If Iran is willing to risk confrontation with Beijing, it also may not hesitate to restart conflict with Riyadh. Among the IRISL vessels identified today are four vessels that recently underwent name and partial ownership changes but that are still property in which IRISL has a blockable interest; The global maritime industry should be on alert for Irans use of such tactics and make every effort to thwart Irans use of their jurisdictions to create front companies, to revoke their flags from IRISL and NITC vessels and to deny other means that enable Iran to conceal its interest in the vessels; Report Announces Determination that the National Iranian Oil Company is an Agent or Affiliate of Irans Islamic Revolutionary Guard Corps; Address: 67-88, Shahid Atefi Street, Africa Avenue, Tehran, Iran, Phone: 98 21 23801 98 21 66153220 98 21 23803202 98 21 23803303 98 21 66153224 98 21 23802230 98 9121115315 98 9128091642 98 9127389031, E-Mail: info@nitc.co.ir administrator@nitc.co.ir, Person of interests: Hamid Behbahani (Managing Director) Mr. Tabatabaei (In charge of CBT and in charge of Training) Mrs. Soltani (In charge of Expatriates Filing and Computer Operator) Mr. Zare Mehrjerdi (In charge of Engineer Officers) Mr. Hedayati (In charge of Deck Rating) Vahid Haghanian. Writing by Henning Gloystein; Editing by Ed Davies. NITC has a huge project for replacing tankers, including the construction and purchase of 25 tankers with a total capacity of 6 million tons. Britain claimed that Iran had sold the cargo to Syria. The NITC was formed to transport Iranian crude exports on behalf of the NIOC. It also agreed to freeze the assets of Irans central bank in the European Union. Delivery of relatively new second-hand vessels would be much faster, possible within two months. Zhuhai Zhenrong Corp and Sinopec Group have activated a business clause in their long term supply agreement with NIOC, and likely Iran will cover all the costs and risks, including insurance, for the delivery of the crude. During the same period, at least six other Iranian ships were tracked using similar tactics for covert deliveries to China. There is not a single company in the world to own so many VLCCs, commented Nasrollah Sardashti, commercial director for NITC. TEHRAN - Iranian-flagged VLCC Horse, belonging to the National Iranian Tanker Company (NITC), which was detained by Indonesian authorities in late January, was released on Friday and will return to Iran after completing its mission. In 2007, Tehranreflaggedthe tankerfrom Iranto Malta; it alsochangedthe tankersnamefrom the Tourto the ISIM Tourtopreemptivelyavoid U.S. sanctions. All our content comes from Wikipedia and under the Creative Commons Attribution-ShareAlike License. Fleet As at 2010, the company operated 28 Very Large Crude Carriers ( VLCC ), nine Suezmax and five Aframax tankers. The country emerged from years of economic isolation last weekend after crippling sanctions were lifted in return for Tehran complying with steps to curb its nuclear ambitions. The Deep Cleaner oil tanker is among the most advanced ships of its type when regarding the Middle East region and it comes featuring liquid nitrogen tankers and a permanently integrated nitrogen unit. Reflagging tankers allowed Tehran plausible deniability for smuggling oil and breaking sanctions under the cover of foreign flags. In March 2019, Iran used 12 tankers, over a fifth of its fleet, for floating storage of unsold stocks, according to MarineTraffic. The tanker was anchored off the coast of Bandar Abbas and served as a storage facility for hundreds of thousands of barrels of Iranian crude in the Persian Gulf. Update now. Irans seizure of a Chinese-owned oil tanker in the Gulf of Oman on Thursday signals that even Tehrans closest allies are subject to its malign behavior, experts told the Washington Free Beacon. GeoLocation divisions are divided into two fields, Black List and Gray List. Following the purchase of one of the biggest crane vessels in the world for the purposes of installing giant oil and gas offshore rigs in the vicinity of the Persian Gulf along with the biggest floating oil storage unit (FSU) back in February, Iran has now successfully equipped itself with one of the worlds most advanced and innovative oil tanker vessels. Iran used the practice to transfer crude oil from its tankerseither stationed near a port or out at seato a non-Iranian vessel to mask the fact that the true origin of the oil is from Iran and to introduce it into the global market as if it were non-Iranian oil, according to the U.S. Treasury. [7] As at 2012, NITC with 40 tankers of 100,000 to 300,000 tons, does not have the long-distance capacity for more than 2 million barrels (300,000 tons) a day in exports. ? [1] The NITC began operations in 1955 with one 35,000-ton tanker. hXnF>|//B \?0ZbC At the peak of the war,Tehran had a total fleet of 17 tankers. "It seems peculiar that Iran would then look to seize a tanker owned by its largest trading partner.". Shipping of oil, petroleum products doubled in 7 months, Oil shipment by NITC fleet doubled: minister, NITC plays significant role in boosting Irans oil export, Oil, related products transport almost doubled in 4 past months, Domestic company to build 113,000-ton oil tanker for NITC, NITC shipping activities increase significantly, NITC to take special measures to improve livelihood of personnel, New managing director outlines NITCs goals, priorities, Hossein Shiva appointed NITCs new managing director, Iran implements project for injecting gas condensate into oilfield for 1st time, Indonesia releases seized Iranian oil tanker, Indian Muslims Protest Against Demolition of Jannatul Al-Baqi, Archaeological discoveries to alter Persian Gulf history, 2,600 inmates trained as crafters in Alborz, 100 historical monuments of Khorasan Razavi restored every year, Khorramabad to gain foothold on national tourism map, Sassanid town in southern Iran named national heritage, Beijings ambassador visits UNESCO sites in southwest Iran, Iran successfully tests aircraft engine made by Iranian parts, Iran FM appoints new deputy for Caspian Sea affairs, Iraqi prosecutor launches probe into alleged role of ex-PM role in Gen. Soleimani assassination, The Story of Seven Countries: A Review of US Aggression in West Asia and North Africa, Iran, S. Arabia resuming diplomatic ties: Foreign Ministry, Israel has suffered devastating blows from Iran: intelligence chief. 123 0 obj <> endobj It was also the first well in the Middle East. It is essential to close off this funding stream to Tehran; The Iranian shipping industry is reviving previously employed deceptive practices in an effort to obfuscate IRISL or NITCs interests in vessels and other property. Reason for the color: Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) on October 26, 2020 pursuant to Executive Order 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, the IRGC-QF; Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) on November 5, 2018, identified pursuant to E.O. It also owns three chemical vessels and a liquefied petroleum gas (LPG) carrier. It also owns three chemical vessels and a liquefied petroleum gas ( LPG) carrier. Since 2018, Tehran has been dependent on its large fleet to export oil as international tanker companies cut back on transporting its petroleum products due to the difficulty in getting insurance to carry Iranian cargo. Iran programmed the tankers GPS system to send incorrect satellite signals that confused global tracking systems. Not all of the Iran-flagged vessels have been switched to the direct ownership of the NITC. In June 2010, the U.N. Security Council adopted Resolution 1929, which tightened sanctions on foreign companies aiding Irans nuclear program. Irans Islamic Revolutionary Guards Corps (IRGC), the countrys paramilitary fighting force that routinely harasses American ships in the region, intercepted the China-owned oil tanker as it made its way through the gulf en route to Houston, Texas, according to Lloyds List, a London-based shipping journal. Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations. Shipping sources said most South Korean ship builders, including Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries, would likely bid for new contracts. Major players in Irans energy sector were liable to be sanctioned for supporting nuclear or ballistic missile development. The National Iranian Tanker Company (NITC) transports Iranian crude exports on behalf of the National Iranian Oil Company. As at 2011, NITC ranks as the fifth-biggest tanker operator worldwide, with a total of 43 ships. withdrawal date. In 2009, in a move aimed at further enhancing Iran's shipbuilding industry, President Mahmoud Ahmadinejad said he will ban the purchase of foreign ships by Iranian organizations. The Pentagon said the mission would be to increase surveillance of and security in key waterways in the Middle East to ensure freedom of navigation in the Gulf, through which roughly one-fifth of the worlds oil passes. Formerly also known as DAN, JUSTICE, DADGAR. "Or, it could be in response to the sanctions on the 24th [of April] by the U.S. against personnel in Iran connected to the IRGC.". [2] It is the biggest tanker company in the Middle East. Large VLCC tankers linked to Chinas National Petroleum Company reportedly conducted ship-to-ship transfers of Iranian crude off the coast of Malacca. GeoLocation divisions are divided into two fields, Black List and Gray List. If the deal materialises it will be the first order placed by NITC in over a decade 15 Mar 2022 Analysis Richard Meade @Lloydslisted richard.meade@lloydslistintelligence.com It also imposed sanctions on foreign banks conducting business with Iran.
