But the sanctions had limited short-term effect on Irans economy. 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. Hectar Shipping is part of a network of eight firms in Panama that has acquired nine Iranian tankers since June 2019, according to maritime data reviewed by Akhbar Alaan. Sweeping Sanctions on Hezbollah Network, U.S. Sanctions Network Supplying Drone Parts, U.S. Indicts Iranians Plotting to Kidnap Journalist, U.N. Court Rejects Irans Case to Unfreeze Assets, Comments: Biden & U.S. Officials on Iran in 2023, U.S. Report: Irans Support for Terrorism, Timeline: Iran's Foreign Plots and Assassinations, Nowruz: Iran Declares Victory Over Protests, Nowruz: U.S.-Iranian Astronaut at the White House, Nowruz: Bidens Celebrate the Persian New Year. June 24 The U.S. Congress passed the Comprehensive Iran Sanctions, Accountability, and Divestment Act, which targeted firms investing in Irans energy sector or selling refined petroleum to Tehran. ? NEW DELHI/SINGAPORE (Reuters) - Iran plans to list its national tanker company to raise badly needed cash to upgrade its massive fleet and replace older vessels, as the middle east. Iran's army claimed it had seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, Iranian state media reported. It also froze the assets of Irans Central Bank in the European Union at a time that E.U. All of the fleet is listed by Ofac, covering at least 54 tankers, including 38 VLCCs and eight suezmaxes according to Lloyd's List Intelligence. Jan. 16 The 2015 nuclear deal went into its implementation phase. Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations. In 2019, Iran had insufficient on-shore space to store excess oil while searching for buyers, so it stored oil on large tankers that either sailed in circles around the Persian Gulf or docked in Irans territorial waters. National Iranian Tanker Company - Wikipedia The waivers were lifted in May 2019, when the United States launched its maximum pressure campaign to cut Irans oil exports down to zero. Iran has in its possession 42 very large crude carriers (VLCCs) with each caving a carrying capacity of 2 million oil barrels, according to the National Iranian Tanker Company (NITC). In April 2019, Iran shipped as much as 300,000 bpd of oil using ship-to-ship transfers. Shipping sources said most South Korean ship builders, including Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries, would likely bid for new contracts. The NITC had a total fleet of four tankers. St Kitts and Nevis deflags 36 tankers owned by biggest dark fleet owner Oil was discovered in Khuzestan province in the southwest of the Islamic Republic of Iran. Sardashti also worked with Qatirji Group representative Viyan Zanganeh (Zanganeh) and a senior IRGC-QF official to facilitate the shipment of millions of dollars of oil by NITC. Oil tankers typically have a lifespan of around 15 years to 20 years in the industry. NITC Plans Domestic, Overseas Public Listing | Financial Tribune It was not immediately clear which entities would provide insurance for those shipments worth $1.5 billion a month. ,zO}Ug$hL1I_) QN4tOH?t:*+7-l#XE\1Mx${@%hz". Foreign maritime officials were also more likely to search ships with an Iranian flag. . Jewish Students Reported a Professor for Anti-Semitism. Iran also changed the names of its tankers to confuse global ship-monitoring systems. ?oDB=XLlEK4 A`"5SL#j. The tankerdeliveredoil to the Assad regime at least three times between March 2012 and April 2013, according to theU.N. report. The United States accused Iran of transporting 2.1 million barrels of crude for the financial gain of the Islamic Revolutionary Guard Corps (IRGC), which had been separately sanctioned. It was privatized in 2000 after a consortium of three Iranian pension funds purchased its shares. The so-called Tanker War was launched in March 1984 by Iraqs airstrike on Irans Kharg Island oil terminus and several Iranian ships. V ", The incident could indicate that Chinas recently brokered peace deal between Iran and Saudi Arabia may not be as strong as some observers believe. Tehran has registered the majority of its ships under flags of convenience, including countries such as Panama, Bolivia, Liberia, Togo, and Tanzania. 2022-03-04 16:12 NITC plays significant role in boosting Iran's oil export As at 2011, NITC ranks as the fifth-biggest tanker operator worldwide, with a total of 43 ships. May harm your business future. GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran. Tehran formed the National Iranian Oil Company (NIOC) to manage its oil exports. Iran has one of the worlds biggest tanker fleets, but many of the ships are ageing and require valid insurance, testing, inspection and certification, known as ship classification, to be able to ply international waters again. Before We Thank Iran's Tanker Fleet 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 162 0 obj <>stream 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. Identifying information for another 52 vessels confirmed as being property in which NITC has an interest; Each year, these vessels move tens of millions of barrels worth of Iranian oil, as well as Iranian natural gas, which constitute a major source of revenue to fund the Iranian regimes malign activities. 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. Almost all international shipping companies and brokerage firms were there, said Sardashti. In September 2019, Iran changed the names of three supertankers smuggling Iranian oil to China. Irans sale of oil to Syria violated E.U. On October 11, Iranian state mediareportedthat theSabiti, a tanker owned by the National Iranian Tanker Company(NITC), was struck by missiles in the Red Sea. Iran oil exports on the rise as national tanker fleet reflags Some countries removed Irans tankers from their registries after the United States tightened sanctions. These states maintain an open registry, which allows ship owners to register vessels without ties to the country. China 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. The falsified signals disguised the identity of the Millionaire as a Syrian-owned ship, the Lady Rasha. endstream endobj startxref NITC has also played a significant role in oil deals used to generate revenue for the IRGC-QF and Hizballah. 25). The Masjid-i-Solaiman was the countrys first oil well. NITC personnel coordinated with the IRGC-QF on the loading of oil provided by NIOC, and NITC Managing Director Nasrollah Sardashti (Sardashti) worked with Hizballah on logistics and pricing for oil shipments to Syria. Entities in a problematic sector - Sector controlled by the Top Alert entities. when traveling international routes. Weitere. After the report, theTour2was listed under different names and flags, including the Sierra Leone and the Togo,butitremained in the service of Iran. It also owns three chemical vessels and a liquefied petroleum gas ( LPG) carrier. E.U. DAN, Crude oil tanker, IMO 9357729 | Vessel details | BalticShipping.com [3]. But the years of sanctions mean that Iran needs cash to modernize 20 large tankers within the next 2-3 years in what would be one of the biggest shipping orders of the past years, worth up to $1.5 billion based on average prices for new tankers. This includes a drone attack last year on an Israeli-owned tanker. IRGC Butthe National Iranian Oil Company later dismissed that possibility. 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. 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; Additionally, pursuant to E.O. IvgDY,m>,vHeYe:2C,A* {6z3=Lt L15eS-umePE 1xa7PmC*'w]\t%YF'=@Ko~wQe+#9^ ]N'H/+?v{CQiGeDS()4seR~+w^M[-hy\]xeM:/tHfY8%N}WVRrdIDXq6"1yFYZ]6.1G&Jc`x=ERK{OtHoN-3: National Iranian Tanker Company operates as an independent shipping company in Iran. November 8, 2021 - 14:26. . One tanker, Henna, was acquired by the Panama-registered Hectar Shipping. The tactic was used to confuse tracking systems and conceal the vessels destination. U.S. Sanctions Irans IRGC for Hostage-Taking, Timeline: Assassinations of Iranian Clerics, U.S., British & E.U. Irans seizure of a Chinese-owned oil tanker in the Gulf of Oman on Thursday signals that even Tehrans closest allies are subject to its malign behavior, experts told the Washington Free Beacon. The Sabiti stopped transmitting its position in August near the Iranian port city of Bandar Abbas. 13599, OFAC identified 37 NITC-affiliated entities and vessels in which NITC has an interest. *H@TW].R; TaHVma-v0La-6ub_z57{b.Zh9p@ #``d0`@}\8+a>3gi>>_zi\s%H Xu&@}}{l4zLb5"dm`& zCas12k (2BiH{^t6aG662Yl7j/raW{K?zNXT&`lbQPH@:RF @g`+JCh=Dw\.95949.UT&)4@c(6y_mf{) O0!Pvve/RqaN4i{Wl>fr)^y]x#'VqsFje=X4 0sN>+ But Iran could still face legal uncertainties. Published under: [citation needed]. At the time, it was one of the largest oil refineries in the world and significantly increased Iranian crude oil production. THE NATIONAL COMPANY TRADING IN INTERNATIONAL OIL TRANSPORTATION MARKET WITH YOUNGEST TANKER FLEET O National iranian tanker co., Tehran, Iran. RHOUFIRI HAMID Company Profile - Dun & Bradstreet Iran [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. When Washington blocked one route Iran used to export oil, Tehran found another. It also allows local maritime authorities to monitor traffic around their border using on-shore receivers. The privatization was purportedly a fictional scheme to shield NITC from sanctions. ", "The working hypothesis at the moment is that it could either be an arbitrary detention of a vessel by Iran in response to the U.S. sailing its first unmanned vessel through the region last weekas a show of force," he said. The Deep Cleaner oil tanker is among the most advanced ships of its type when regarding the Middle East region and it comes featuring liquid nitrogen tankers and a permanently integrated nitrogen unit. Entities affiliated with Designated / Sanctioned / Illicit entities. Irans Oil Tanker Adrian Darya Reaches Destination: Spokesman https://t.co/qoTebdHUkq pic.twitter.com/f6FM9AhTgB. Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Aug. 5 - The U.S. Congress passed the Iran-Libya Sanctions Act to deter foreign investment in Irans energy sector. The cargo, disguised as non-Iranian, was then sold to buyers. ;.v;Jpf:fNpLhtCPe0 NITC Has Biggest Supertanker Fleet In The World - VesselFinder The Pentagon said the mission would be to increase surveillance of and security in key waterways in the Middle East to ensure freedom of navigation in the Gulf, through which roughly one-fifth of the worlds oil passes. Each country is responsible for the activities of the ships flying its flag and must ensure they abide by international maritime law. But Western officials claimed that the company was still tied to the regime. 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. 0wLE/{es"VjZ15I]U|{"Tu UUT.XEJ[>K= E!$\Sov^3yeBv5x?&xnx}3q=% 5w National Iranian Tanker Co; See All See Less Related Places Dubai; See All . Iran also is suspected to be responsible for drone strikes and other attacks on vessels traversing through the Strait of Hormuz, a critical shipping route. Writing by Henning Gloystein; Editing by Ed Davies. Iran used ship-to-ship transfers to conceal oil sales. ! D>+` According to the club's website, Kish P&I Club offers between $500,000and . 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 act imposed tough penalties on companies found investing more than $20 million a year in Irans oil and gas industry. NITC officials also arranged to create a separate UAE-based front company, Atlantic Ship Management Company, ostensibly as an entity to replace Atlas Ship Management; In May 2018, when the Trump administration re-imposed unilateral sanctions against Iran after the complete withdrawal from the JCPOA, China started to shift its petroleum cargo to ships owned by the NITC to maintain or even increase imports from Iran; It was not immediately clear, which entities would provide insurance for those shipments worth $1.5 billion a month. TEHRAN Hossein Shiva, who was appointed as the new head of the National Iranian Tanker Company (NITC) recently, has outlined the major programs, goals, and priorities of the company during his tenure.

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