Oil in short-term storage or shuttling by the National Iranian Tanker Co. has doubled to six Very Large Crude Carriers containing 12 million barrels in the week ending Aug. 26, ICAP Shipping International Ltd. said in a note Friday.
Oil in short-term storage or shuttling by the National Iranian Tanker
Co. has doubled to six Very Large Crude Carriers containing 12 million barrels
in the week ending Aug. 26, ICAP Shipping International Ltd. said in a note
Friday.
Shipping expert ICAP, however, said "the number of NITC VLCCs involved in
short-term storage or shuttling has risen to six from three last week."
By contrast, ICAP's data showed there were no oil in long-term storage in
NITC's fleet.
The news comes as
Iran
has
experienced problems getting paid for its oil in
India
amid
mounting sanctions, though it has since resolved the problem.
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