Thursday, April 30, 2020

Syria receives Iranian oil in large amounts

Radio Farda reports that tankers delivers oil in large quantities to Syria:

"Tanker tracking sources say Iran’s oil exports to Syria have increased substantially in recent weeks and currently several cargoes have reached the Baniyas port in Syria.
Tanker Trackers reported on Tuesday April 28 that several Iranian vessels are near port in Syria and the Middle East Economic Survey (MEES) reports that these tankers are carrying 6.8 million barrels of oil.
Since full U.S. sanctions were imposed on Iran in May 2019, Syria has been receiving an average of around 2 million barrels of crude monthly from Iran, and now more than three times is being delivered at once.
In January and February, Iran’s biggest oil customer, China reduced its imports and with this large cargo arriving in Syria, that country has become the largest oil importer from Iran.
There can be several reasons why this is happening. Excess oil stocks in the midst of sanctions and a global oil glut is forcing Iran to ship and perhaps store the oil in a friendly country. Another reason is that Bashar Assad’s government and Hezbollah can be conduits to sell the oil on the black market. One place Hezbollah can manage to do this is Lebanon, where it has sway over the government."

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