TONGONI
JF-Expert Member
- Feb 18, 2011
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[TD="class: eelantext"] Iran tanker cargo investigated off Greek coast amid EU ban [TD="bgcolor: #FFFFFF, align: center"] |
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The Baikal arrived at the Greek island on Monday and has the capacity to carry about 1 million barrels of oil or refined products, ship-tracking data compiled by Bloomberg show. The cargo of ship fuel hasnt been unloaded, Sekavin Operation Manager Yannis Spyridakis said by phone on Tuesday. The vessel is flying the Tanzanian flag, he said.
NITC, a Tehran-based tanker operator, controls the ship and says the company is owned by Iranian pension funds, data compiled by Bloomberg show. The 27-nation EU barred imports of Irans oil and refined products in July. The EU and U.S. have intensified sanctions, saying the countrys nuclear program is aimed at producing weapons, a charge Iran has denied.
Its clear that sanctions are getting tighter and tighter against Iran, Samuel Ciszuk, an oil consultant at KBC Energy Economics in Walton-on-Thames, England, said by phone Tuesday. There is great uncertainty for all parties involved as soon as Iran appears in the supply chain because of the embargo and financial sanctions.
Habib-ullah Seyedan, NITCs commercial director, declined to comment by phone Tuesday and said the companys operations manager was not available for comment.
The Baikal arrived in Greece having been off the coast of Morocco as recently as Nov. 11, the ship-tracking data show.
Tanzania-Zanzibar said last month 14 Iranian tankers that were previously registered in Tuvalu were mistakenly signaling the east African territory as their flag state. NITC renamed part of its fleet and changed the ship registrations amid sanctions on Irans nuclear program, which the government in Tehran maintains is for civilian purposes.
The EU banned imports of the Middle East nations oil in July under legislation that also prohibited any vessel insured in the 27-country bloc from carrying the crude. The U.S. Treasury Department said July 12 it would block transactions through the countrys financial system involving NITC and 27 affiliated entities.
The EU sanctions on Iranian oil affected about 95 percent of the global tanker fleet because the ships are insured under rules governed by European law. Carrying Iranian oil would invalidate ships insurance against risks including spills and collisions, according to the International Group of P&I Clubs.
The sanctions are costing Iran about $98.9 million a day based on the average price of the countrys cheapest crude in Asia, its largest market, and Octobers export estimates from the International Energy Agency.
[Bloomberg] [/TD]
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The Tanzanian-flagged Baikal, part of top Iranian tanker operator NITCs fleet, approached Syros on Tuesday in order to refuel but officials from local company Sekavin refused after they, along with customs officers, checked the documents accompanying the shipment of 146,000 tons of crude oil. The documents did not detail who would be the recipient of the fuel.
We conducted an initial investigation in order not to break the law. In the end, we did not provide them with any fuel because it would be against the rules, a Sekavin official told Reuters. Regardless of its flag, the ship represents Iranian interests.
Sources said that at 8 p.m. on Tuesday, the Baikal set sail from Syros and 17 minutes later, when it was heading toward Myconos, the vessels Automatic Identification System was switched off.
Customs officials on Syros notified the Financial Crimes Squad (SDOE), which does not have a vessel that can be used to track down suspects. As a result, the coast guard was called in. Authorities suspect that the Baikal was delivering the oil to a customer in Greece or the Balkans in contravention of an EU embargo.
The block on Iranian oil exports to Europe and a ban on European ship insurance are among the tougher measures imposed on the Islamic Republic over its nuclear program, aiming to make Western companies halt trade with the OPEC member country.[/TD]
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