11OCT2018 - NEWS - A tanker vessel carrying Iranian oil Offloads Oil at storage facility in China Ahead of U.S. Sanctions

According to Refinitiv Eikon data, A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday. Iran, the third-largest producer in the Organization of Petroleum Exporting Countries (OPEC), is finding fewer takers for its crude ahead of U.S. sanctions on its oil exports that will go into effect on Nov. 4. The country previously held oil in storage at Dalian during the last round of sanctions in 2014 that was later sold to buyers in South Korea and India. The very large crude carrier Dune, operated by National Iranian Tanker Co, offloaded oil into a bonded storage site at the Xingang section of the port.

Published by Editor - www.Livebunkers.com at 11-Oct-2018 05:19:40 [UTC] , contact editor at editor@livebunkers.com