Iranian fuel oil exports trade skirts sanctions

Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the US-allied United Arab Emirates, trading sources told Reuters. Tehran has been using innovative methods to circumvent US and EU sanctions, several Middle East-based trading sources said. They include tankers switching off their tracking systems, ship-to-ship transfers, discharging and loading at remote ports, blending Iranian products with fuels from another source to alter the shipment’s physical specification and selling them with Iraqi-origin documents, the sources said.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4622784,00.html

Leave a Reply

Your email address will not be published. Required fields are marked *