Iran adopted new tactics and destinations in Oil Exports

Iran adopted new tactics and destinations in Oil Exports
Shares

TEHRAN - Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of US sanctions, a senior Iranian maritime official was quoted as saying on Saturday by the semi-official ILNA news agency.

“The Oil Ministry’s tactics in exporting oil and petroleum products have changed, … and perhaps the destinations of oil cargoes from our ports have changed,” Hadi Haqshenas, maritime affairs deputy director at Iran’s Ports and Maritime Organization, told ILNA.

Haqshenas gave no details of the new tactics or destinations.

Iranian crude oil exports have fallen in May to 500,000 barrels per day (bpd) or lower, tanker data showed and industry sources said, after the United States tightened the screws on Tehran’s main source of income, deepening global supply losses.

Middle East