Iran finds new export destinations for its oil

Published
0

LONDON: Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to shipping sources and data, the latest sign of Tehran pushing to sustain output at close to its highest in five years.

Oil Minister Javad Owji said in July that Iran was selling crude oil to 17 countries, including those in Europe, according to the semi-official Mehr News Agency. The details could not corroborated.

In one new trade, the Golden Eagle tanker sai­l­ed near the port of Chit­tagong in Bangladesh earlier this year after receiving oil from another vessel that loaded it from Irans Kharg Island according to available evidence based on shipping data, Claire Jungman, from US advocacy group United Against Nuclear Iran (UANI), told Reuters.

The Golden Eagle offlo­aded parts of the cargo to smaller tankers around Chitt­agong in April, said Jun­gman, whose organisation tracks Iran-related tanker traffic via satellite.

The shipment to Bangla­desh was separately confirmed by another oil export tracking source.

An official with state-owned Bangladesh Petr­oleum Corporation, which operates the country’s main refinery, said it did not buy the cargo and it was difficult to establish who was the buyer.

Iranian officials did not immediately respond to a request for comment.

At least eight cargoes of oil — mostly from Iran — were heading to Syria with some already discharged, shipping sources said. Shipments to Syria,

A separate tanker delivered a cargo believed to be Iranian crude oil into the Omani port of Sohar in June after loading the consignment via a ship-to-ship transfer with another vessel that picked up the shipment from Iran’s Kharg Island earlier this year, UANI’s Jungman said, citing shipping data.

Published in Dawn, August 11th, 2024

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Need for dialogue
06 Aug, 2026

Need for dialogue

THE interior minister’s comments at an Islamabad seminar last week have sparked many a conversation about the ...
Bad press
06 Aug, 2026

Bad press

THE government’s move to impose restrictions on international media will not only alienate the foreign press, it...
Automobile concerns
06 Aug, 2026

Automobile concerns

PAKISTAN’S automobile industry is at a critical juncture. Sharp cuts in tariffs on the import of completely built...
State of confusion
Updated 05 Aug, 2026

State of confusion

FROM the looks of it, America has no exit strategy to extricate itself from the disastrous war with Iran. US...
Pension decision
05 Aug, 2026

Pension decision

THE government’s decision to formally operationalise the new Defined Contribution Pension Fund Scheme is a step...
Preventable deaths
05 Aug, 2026

Preventable deaths

THE deaths of 144 children from measles and diphtheria in Karachi during the first seven months of the year expose a...