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Iran starts to slowly offload oil stored on its tankers at sea

Iran is slowly winding down stocks of oil stored on tankers close to its shores and the process is likely to take longer than Tehran had wanted, despite the lifting of international sanctions this monthThe pace of sales taken from floating storage highlights the difficulties Iran is facing amid a global oil glut and other challenges such as the certification of its fleetIran parked over 40 million barrels of crude and condensate, a very light grade of crude, on 20 to 25 ships after Western sanctions were imposed over its nuclear program. A tanker tracking source confirmed the Sinopa had left and was likely to be carrying condensate, adding that it was unclear if SERENA was carrying crude “SINOPA was anchored near (the Iranian port of) Assaluyeh for over a month,” the source said. “SERENA was stationary for over a year.” A nuclear deal between world powers and Iran led to this month’s removal of international curbs on Tehran’s banking, insurance and shipping sectors as well as oil exports. Source: Reuters

Tanzania faces US sanctions over flagchange of Iranian oil ships

Tanzania will face the threat of US sanctions and damage its ties with the Washington if it does not stop the practice of “re-flagging” Iranian oil tankers, a US lawmaker has warned.MrHoward Berman, the ranking member of the House Committee on Foreign Affairs, accused Tanzania of reflagging at least six and possibly as many at 10 tankers owned by the National Iranian Tanker Company, according to Reuters news agency. Zanzibar’s minister for Infrastructure and Communication, MrHamadMasoudHamad, told the House of Representatives that the vessels were operated by firms owned by nationals of British Virgin Islands and Seychelles. He named the ships as Daisy with a gross register tonnage (GRT) of 81479 registered in Malta, Justice (GRT 164241) registered in Cyprus, Magnolia (GRT 81479) also formerly registered in Malta. Other ships are Courage (GRT 163660) owned by Courage Shipping Co. Ltd, Freedom (GRT 163660) also owned by Freedom shipping Co. Ltd, Valor (GRT 160930) owned by Valor Shipping Co. Ltd and Leadership (GRT 164241) owned by Leadership Shipping Co. Ltd. All these were formerly registered in Cyprus. MrHamad also named Companion (GRT 164241) owned by Companion Shipping Co. Ltd, Camellia (GRT 81479) owned by Camellia Shipping Co. Ltd, Clove (GRT 81479) owned by Clove Shipping Co. Ltd and Lantana (GRT 81479) owned by Lantana Shipping Co. Ltd, all were formerly registered in Malta. http://thecitizen.co.tz/component/content/article/37-tanzania-top-news-story/23635-dar-faces-us-sanctions-over-iranian-oil-ships.html