One ship, the 176,000-ton tanker Dena, was attacked by Iraq five separate times between 1984 and 1987. After its release, the tanker wandered the Mediterranean as Iran looked for a buyer and a location to offload its oil. The State Department declined to immediately comment on the situation Thursday, instead directing questions to the Pentagon. November 8, 2021 - 14:26. ,zO}Ug$hL1I_) QN4tOH?t:*+7-l#XE\1Mx${@%hz". The Iranian product tanker Forest arrives in Venezuela with a cargo of gasoline, 2020 (file image) Published Oct 26, 2020 8:22 PM by The Maritime Executive The rest of the fleet traveled in stealth mode. @B$A, $X JX3h=2 .! Naval Command in Bahrain said in a statement. Iran's seizure of a Chinese-owned oil tanker in the Gulf of Oman on Thursday signals that even Tehran's closest allies are subject to its malign . The oil cargo was then covertly delivered to China. In 2019, Tehran faced another problem: It needed to modernize its aging oil tanker fleet; 16 of Irans 54 tankers were at least 19 years old, according to international shipping records. NITC's revenues during the last Iranian year (ended March 20, 2009) reached $1.5 billion. Following the purchase of one of the biggest crane vessels in the world for the purposes of installing giant oil and gas offshore rigs in the vicinity of the Persian Gulf along with the biggest floating oil storage unit (FSU) back in February, Iran has now successfully equipped itself with one of the worlds most advanced and innovative oil tanker vessels. G=xN>kEWfWVqLg%{V>Fh}@q:>K8OJGvl!/1lrZj/dGn?R\3X-'Z[j?O\gZy//W\m&s5\sW`iu|%AM0e~&Q>J7e0/:kY?#=%lc@R~H;40$l 7?% fu - `BCo$ The law also imposed sanctions on foreign banks conducting business with Iran. In 2019, the Adrian Darya-1originally named the Grace 1became the most infamous case of tanker deception. [2] Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40 liquefied natural gas (LNG) carriers and over 300 commercial vessels. The Millionaire was owned by the NITC but was flagged to Tanzania. The contracts were either for single voyages or time-charter agreements, which permit companies to charter ships for a set period of time. In a depressed global shipping sector, Iran offers a rare business opportunity. Shipping sources say NITC has more than 40 tankers out of a fleet of around 70, that are new and modern enough to export oil once they receive classification, which could be achieved within weeks. TEHRAN- Irans minister of cooperatives, labor and social welfare announced that transportation of the countrys oil and oil products has been almost doubled in the past four months. June 9 The U.N. Security Council adopted Resolution 1929 which tightened proliferation-related sanctions on Iran. In November 2019, Brian Hook, the U.S. Special Representative for Iran, described Tehrans ageing tanker fleet as a floating liability. U.S. sanctions crippled its ability to buy new ships. NITC has a capacity of 11 million tons per year. Iran The Iranian government should immediately release the oil tanker," U.S. The tanker changed its destination several times between August 15 and September 3. IRGC By adding these ships, LPG shipment capacity has increased and export and maritime transportation constraints have been reduced to an excellent minimum, he further added. In 2009, Iran and South Korea's Daewoo signed a $128-million contract on tanker supply with a capacity to carry 2.1 million barrels of crude. [1] Aug. 5 - The U.S. Congress passed the Iran-Libya Sanctions Act to deter foreign investment in Irans energy sector. Comprehensive company profiles. Currently, NITC's web site lists a fleet of 39 tankers, which it uses to carry Iranian oil, and also charters out on the international market. Iran seized a Marshall Islands-flagged oil tanker in the Gulf of Oman in international waters on Thursday, the U.S. Navy said, the latest in a series of seizures or attacks on commercial vessels . In 2008, NITC transferred 103 million tons of petroleum products abroad. The Trump administration also threatened to sanction any foreign company or country that dared to buy from Iran. Meanwhile, the United States announced on Thursday new sanctions on the IRGC "for its involvement in the wrongful detention of at least one U.S. national abroad," according to the State Department. Find company research, competitor information, contact details & financial data for SANSONE of TOURCOING, HAUTS DE FRANCE. We are planning to list NITC first on local exchanges and then we will go for overseas listing to raise funds, said Sardashti, adding that it still needed to obtain board approval. Irans total shipping capacity increased from 61.5 million barrels to 85.5 million barrels. On July 22, the United Statesannounced Operation Sentinel, an international maritime coalition to protect vital shipping routes in the Persian Gulf. Many of these companies terminated contracts with the NITC after the Trump administration reinstated sanctions on Irans shipping industry in November 2018. We will continue to apply maximum pressure on the Iranian regime until its leaders change their destructive behavior, respect the rights of the Iranian people, and return to the negotiating table, said Secretary of State Mike Pompeo. In the last three months, 22 tankers owned by firms in Belize were moved directly under the ownership of the NITC, according to data reviewed by Akhbar Alaan. TEHRAN Head of National Iranian Tanker Company (NITC) has said the amount of oil and petroleum products transported by the companys fleet has doubled over the past seven months, Mehr News Agency reported. Their University Retaliated Against Them. ;.v;Jpf:fNpLhtCPe0 Tehran has employed four tactics to circumvent sanctions so it can continue to peddle its oil: Iran has bragged about beating the sanctions regime. Not all of the Iran-flagged vessels have been switched to the direct ownership of the NITC. sanctions on Syria. See here for a complete list of exchanges and delays. In April 2019, Iran shipped as much as 300,000 bpd of oil using ship-to-ship transfers. Iran has the worlds fourth-biggest proven oil reserves but its exports have slumped from a pre-sanctions peak of over 3 million barrels per day (bpd) to little over 1 million bpd as the restrictions left it with only a few customers, largely in Asia. Countries that offer so-called flags of convenience typically have lax shipping regulations conducive to smuggling operations. NITC serves Iran not only as a vehicle for. All of these companies have a registered address with the National Iranian Tanker Company (NITC), indicating they serve as fronts. Iranian forces have seized a Marshall Islands-flagged oil tanker in international waters in the Gulf of Oman, the U.S. Navy and Iranian state media reported on April 27, the latest string of . Irans Oil Tanker Adrian Darya Reaches Destination: Spokesman https://t.co/qoTebdHUkq pic.twitter.com/f6FM9AhTgB. Zhuhai Zhenrong Corp and Sinopec Group have activated a business clause in their long term supply agreement with NIOC, and likely Iran will cover all the costs and risks, including insurance, for the delivery of the crude. [1] The company transports Iranian crude to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, TotalEnergies, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi. We are in talks with insurance and with classification societies (and) ready to class our ships, he said by telephone from Tehran. "Irans actions are contrary to international law and disruptive to regional security and stability. Reflagging tankers allowed Tehran plausible deniability for smuggling oil and breaking sanctions under the cover of foreign flags. In Irans tanker fleet, 11 VLCCs and Suexmaxes were built in 1999 or earlier, according to the Equasis shipping database. The ship was tracked off the coast of Tartus, Syria. In July 2012, Iran changed the vessels name to the Neptune to conceal its identity as an Iranian vessel and make finding a buyer easier. London claimed it would coordinate with the United States Operation Sentinel campaign but launched its own initiative to include European countries that would not contribute to a U.S.-led force. Iranian company to build 113,000-ton oil tanker for NITC | Hellenic Shipping News Worldwide Got it This website uses cookies to ensure you get the best experience on our website. It has stored oil on its tanker fleet at sea while it searched for potential buyers willing to risk U.S. sanctions. In August 1996, U.S. Congress passed the Iran-Libya Sanctions Act that imposed tough penalties on companies found investing more than $20 million a year in Irans oil and gas industry. Since 2018, Tehran has been dependent on its large fleet to export oil as international tanker companies cut back on transporting its petroleum products due to the difficulty in getting insurance to carry Iranian cargo. Entities in a problematic sector - Sector controlled by the Top Alert entities. Its fleet was very old, with 21 tankers built in 2000 or earlier. Like Belize, Panama is a tax-haven that hosts a number of front companies for Irans tankers. Chinese companies appeared more hesitant to do business with Iran for fear of financial penalties. The Europeans, China and Russiathe other partners to the dealcontinued to honor its terms. U.S. Sanctions Irans IRGC for Hostage-Taking, Timeline: Assassinations of Iranian Clerics, U.S., British & E.U. The tanker was anchored off the coast of Bandar Abbas and served as a storage facility for hundreds of thousands of barrels of Iranian crude in the Persian Gulf. 60 miles from the Saudi port of Jeddah when it was hit. The U.S. and British initiatives followed attacks on six foreign tankers between May and June outside the Strait of Hormuz in the Gulf of Oman. TEHRAN Hossein Shiva has been appointed as the new managing director of the National Iranian Tanker Company (NITC), the companys Public Relations Department announced. The company transports Iranian crude to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, TotalEnergies, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi. These include a lack of a dollar clearing, the absence of an established mechanism for non-dollar sales, insufficient clarity on ship insurance and a reluctance of banks to provide letters of credit to facilitate trade with Iran. The National Iranian Tanker Company (NITC) transports Iranian crude exports on behalf of the National Iranian Oil Company. Operation Sentinel will escort flagged vessels of participating nations in coordination with European, Asian and Middle Eastern allies. Smuggling in Persia goes back to ancient times, but the Islamic Republic has become increasingly adept at illicit trafficking in oil since the United States re-imposed economic sanctions in November 2018. The war made it difficult for Iran to transport oil cheaply because of increased insurance rates on Iranian cargo. Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. "Two members of the boat's crew are missing and several were injured due to the collision of the ship with the boat," an Iranian army statement said. "Irans continued harassment of vessels and interference with navigational rights in regional waters are a threat to maritime security and the global economy.". Financial Data. As at 2011, NITC ranks as the fifth-biggest tanker operator worldwide, with a total of 43 ships. Real-time trigger alerts. The National Iranian Tanker Company ( NITC, Persian: , Shirkat-e Mili-ye Nuftekshi-ye Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. ?@v?ll_uMeph>2uE}C&6k]Dh>,s`zKOn/9`CA(O*T*e"\F@@ 2)1MR("#P>CCn?~2"+"KtJI`y7s A@Us,X f( |&N(4Y0>$&+4&ZC~u5&8r!ROIlz}4NdTzTTZkX6|C#l)Vda|I_ 0Ciz-gO!~ The dates given for each ship represent the period of illicit activity. The Masjid-i-Solaiman was the countrys first oil well. [1] In 2009, Iran and South Korea's Daewoo signed a $128-million contract on tanker supply with a capacity to carry 2.1 million barrels of crude. It targeted companies conducting business with Irans national oil company and tanker fleet, such as insurers and shippers. FACT CHECK: Is Tom Brady's New Girlfriend Jewish? Among the IRISL vessels identified today are four vessels that recently underwent name and partial ownership changes but that are still property in which IRISL has a blockable interest; The global maritime industry should be on alert for Irans use of such tactics and make every effort to thwart Irans use of their jurisdictions to create front companies, to revoke their flags from IRISL and NITC vessels and to deny other means that enable Iran to conceal its interest in the vessels; Report Announces Determination that the National Iranian Oil Company is an Agent or Affiliate of Irans Islamic Revolutionary Guard Corps; Address: 67-88, Shahid Atefi Street, Africa Avenue, Tehran, Iran, Phone: 98 21 23801 98 21 66153220 98 21 23803202 98 21 23803303 98 21 66153224 98 21 23802230 98 9121115315 98 9128091642 98 9127389031, E-Mail: info@nitc.co.ir administrator@nitc.co.ir, Person of interests: Hamid Behbahani (Managing Director) Mr. Tabatabaei (In charge of CBT and in charge of Training) Mrs. Soltani (In charge of Expatriates Filing and Computer Operator) Mr. Zare Mehrjerdi (In charge of Engineer Officers) Mr. Hedayati (In charge of Deck Rating) Vahid Haghanian. In 2009, in a move aimed at further enhancing Iran's shipbuilding industry, President Mahmoud Ahmadinejad said he will ban the purchase of foreign ships by Iranian organizations. Oil tankers typically have a lifespan of around 15 years to 20 years in the industry. The falsified signals disguised the identity of the Millionaire as a Syrian-owned ship, the Lady Rasha. Irans fleet totaled at least 54 tankers, including 38 VLCCs and eight Suezmaxes, according to Lloyds List Intelligence. 51 percent of the revenues came from Europe, 26 percent from Asia, 15 percent from Africa and 8 percent from other parts of the world, including Canada, Venezuela and Latin America. DUBAI, United Arab Emirates (AP) Iran's navy seized a Marshall Islands-flagged oil tanker in the Gulf of Oman on Thursday heading to the U.S. amid wider tensions over Tehran's nuclear . The system was designed to avoid collisions and aid in search-and-rescue operations. TEHRAN- Irans Oil Minister Javad Oji praised the performance of National Iranian Tanker Company (NITC) Head Hossein Shiva in the cabinet meeting on Wednesday, Irans Maritime News Agency (MANA) published on Friday. Our Standards: The Thomson Reuters Trust Principles. ~$@RRXU"JW%o!hCA#{~toGcKX)|fMG5Z>F;gdzm,9CX4K, 683R,4 P AE#h>C#7J_0 > 4Em5r6[Q[-W/uww_:{R'_+qY5U(""=3x{9FG\\er[yh A,\'l#IZsrDSh$bcXXaOpkgD_0( sk&D6. DUBAI, United Arab Emirates (AP) Iran's navy seized a Marshall Islands-flagged oil tanker in the Gulf of Oman on Thursday heading to the U.S. amid wider tensions over Tehran's nuclear The vessel is reportedly carrying 750,000 barrels of Kuwaiti crude oil and is chartered by Chevron. THE NATIONAL COMPANY TRADING IN INTERNATIONAL OIL TRANSPORTATION MARKET WITH YOUNGEST TANKER FLEET O National iranian tanker co., Tehran, Iran. The Sabiti had previously delivered one million barrels of oil to Syria, according to Tanker Trackers in September 2019. It is essential to close off this funding stream to Tehran; The Iranian shipping industry is reviving previously employed deceptive practices in an effort to obfuscate IRISL or NITCs interests in vessels and other property. On September 8, Irans foreign ministry announced that it had finally sold the tankers oil but did not name the buyer. Souri commented that the National Iranian Tanker Company has purchased five ships while the others were bought within the private sector. The following countries have committed to work alongside or collaborate with the U.S.-led maritime mission: Australia, Bahrain, Britain, Israel, Saudi Arabia, and the United Arab Emirates. The waivers were lifted in May 2019, when the United States launched its maximum pressure campaign to cut Irans oil exports down to zero. )3`EV9Op4`^@&$,{R6@?+8~-G?N{HJ-II"oCIYIPqAVn/qWc.%PT~pS![t'ekUE4tvwz*B&Q_i%`z' y s_%Cn/)yQr*iY*9!/%t}Htqqc}?lf` zmi;[xv cc5]KxY&6[Pdt\{-78OmodvLZv[h2w; 9]9q~= j oh!J~`6RKg5la{z4K|{[N}s'xxZnF$7P'QE~]^syZ8}8zV)"Sp/q when traveling international routes. , Top Alert Entity designated / sanctioned for terror, WMD and human rights violation, When you do Business with Iran this is what you pay for, Iranian Regime is infecting Business World with Cancer, World Map Countries who are Helping Iranian Regime, Mostazafan Foundation Network Association Chart, Mapna Group controlled by Iranian Regime Operational Scheme, Iran Foreign Investment Company (IFIC) Operational Scheme, Mostazafan Foundation Operational Scheme, Bonyad support network IRGCs financial lifeline, Iranian twitter and Instagram influence operation Soleimanism, EU Universities are helping Iran regime drone program, NIAC is Iran Regime controlled lobby in America, Iranian Diplomatic Infrastructure for Terrorism in the world, Iran Foreign Investment Company (IFIC) Report #2, IRGCs Involvement and Stake in the Iranian Telecommunications sector, Iran Foreign Investment Company (IFIC) and ASCOTEC, Iran airports report Revolutionary Guards control of Iranian airports, Islamic Revolutionary Guard Corps Irans cancer, Iran and Qatar joint venture-supporting terrorism, Insurers in love with the dark side Part II, Dont Make Them Do, What You Dont Believe In, U.S. imposes new sanctions over Iran sanctions evasion, targets Chinese firms, Tankers to discharge Iranian crude, condensate at Venezuelas main port, After Iraqi oil blending scheme, Iran found better way to evade U.S. sanctions, Irans tankers become more active as oil earnings rise, U.S. sanctions unable to hinder Iranian oil exports.
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