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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%4:00 PM EST

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To: TobagoJack who wrote (6930)6/3/2006 3:42:07 PM
From: elmatador  Read Replies (1) of 217713
 
Iran rents more tankers to hold unsold oil has 7 VLCC under contract for use as storage because of difficulties selling heavy, high-sulfur crude oil on the world market.

Iran rents more tankers to hold unsold oil
Jun 2, 2006

Norwegian ship brokers have confirmed that the National Iranian Tanker Co. has chartered two more very large crude carriers to store unprocessed crude oil.

The latest bookings raise NITC`s floating storage capacity to 18.4 million barrels, the Oil & Gas Journal reported Friday.

Iran already has seven very large crude carriers under contract for use as storage because of difficulties selling heavy, high-sulfur crude oil on the world market.

iranian.ws
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