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Exclusive: Half Iran tanker fleet storing oil at sea

Reuters -- SINGAPORE - Iran has been forced to deploy more than half its fleet of supertankers to store oil at anchorage in the Gulf as buyers of its crude cut back because of sanctions, two Iran-based shipping sources said.

The sources, who are familiar with operations at Iran's main export terminal Kharg Island in the north of the Gulf, said 14 of National Iranian Tanker Company's (NITC) fleet of 25 very large crude carriers, each loaded with about 2 million barrels of oil, are now at anchor acting as floating storage.

A further five of Iran's nine Suezmax tankers, with capacity of one million barrels, are also parked offshore with oil aboard.

That means that of Iran's 59-million-barrel fleet of VLCCs and Suezmax sized tankers, 33 million barrels of capacity are being used to store crude at sea

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Submitted Apr 24, 2012 By: bar1035

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vcsuksu21 Champion Author Oklahoma City Posts:2,468 Points:704,430 Joined:Dec 2010	Message Posted: Apr 24, 2012 8:42:59 AM Ignore vcsuksu21 Report Abuse ok
herndonks Champion Author Baltimore Posts:1,116 Points:211,685 Joined:Dec 2011	Message Posted: Apr 24, 2012 8:42:28 AM Ignore herndonks Report Abuse It would nice if the Iranians would actually drop their bomb development program.
drz614 Champion Author Harrisburg Posts:2,284 Points:594,595 Joined:Aug 2011	Message Posted: Apr 24, 2012 8:41:29 AM Ignore drz614 Report Abuse sounds like an accident waiting to happen
Tiernan Champion Author Chicago Posts:3,460 Points:815,825 Joined:Sep 2005	Message Posted: Apr 24, 2012 8:41:11 AM Ignore Tiernan Report Abuse Hm. What's to be done about THAT?
JimL1 Champion Author Phoenix Posts:8,201 Points:1,239,245 Joined:Jul 2003	Message Posted: Apr 24, 2012 8:40:29 AM Ignore JimL1 Report Abuse Do you think that the Somali pirates might be able to help them get rid of that oil?
4064BORI Champion Author Virginia Beach Posts:1,381 Points:418,155 Joined:Feb 2010	Message Posted: Apr 24, 2012 8:40:13 AM Ignore 4064BORI Report Abuse Ok
12766 Champion Author New York Posts:2,423 Points:1,479,415 Joined:Oct 2008	Message Posted: Apr 24, 2012 8:39:42 AM Ignore 12766 Report Abuse Just waiting for the right time. They are following the motto "BE PREPARED"
enaud Champion Author Pittsburgh Posts:6,042 Points:1,070,675 Joined:Apr 2006	Message Posted: Apr 24, 2012 8:39:42 AM Ignore enaud Report Abuse Nothing is going to be resolved until the whole fleet is sitting idle. The question is....who will give in first?
salog Champion Author Columbia Posts:7,706 Points:1,636,780 Joined:Oct 2006	Message Posted: Apr 24, 2012 8:39:31 AM Ignore salog Report Abuse at least they are being used
firemunkee Veteran Author Maryland Posts:408 Points:56,450 Joined:Jan 2012	Message Posted: Apr 24, 2012 8:38:24 AM Ignore firemunkee Report Abuse interesting
katmandue Champion Author Detroit Posts:8,051 Points:2,130,120 Joined:Jul 2006	Message Posted: Apr 24, 2012 8:38:19 AM Ignore katmandue Report Abuse Good
azadus All-Star Author Houston Posts:554 Points:110,975 Joined:Mar 2012	Message Posted: Apr 24, 2012 8:38:11 AM Ignore azadus Report Abuse ok
craigrm Champion Author Connecticut Posts:1,735 Points:576,005 Joined:Mar 2008	Message Posted: Apr 24, 2012 8:37:54 AM Ignore craigrm Report Abuse Nobama.
Dennisjk Champion Author Detroit Posts:6,466 Points:1,921,450 Joined:Apr 2006	Message Posted: Apr 24, 2012 8:37:46 AM Ignore Dennisjk Report Abuse I don't believe they aren't moving their oil. They said the same thing about Saddam and Iraq before and it turns out they were still selling oil.
36IHBinder Champion Author Illinois Posts:2,938 Points:639,090 Joined:Jun 2011	Message Posted: Apr 24, 2012 8:37:40 AM Ignore 36IHBinder Report Abuse Maybe we should give them a taste of their own medicine and not play fair. I am sure there is a way to put that into the oil flow
savannahoaks Champion Author Rockford Posts:2,677 Points:631,235 Joined:Mar 2011	Message Posted: Apr 24, 2012 8:36:25 AM Ignore savannahoaks Report Abuse Or floating bombs.
jmdk721 Champion Author Missouri Posts:1,184 Points:571,580 Joined:Jul 2011	Message Posted: Apr 24, 2012 8:35:31 AM Ignore jmdk721 Report Abuse ok
satrn38mpg Champion Author Raleigh Posts:5,052 Points:1,050,015 Joined:Sep 2009	Message Posted: Apr 24, 2012 8:35:26 AM Ignore satrn38mpg Report Abuse ok >>
swkcpi Champion Author Madison Posts:1,179 Points:102,600 Joined:Nov 2010	Message Posted: Apr 24, 2012 8:35:25 AM Ignore swkcpi Report Abuse I wonder how long before they start pumping oil into the sea?
Dailyrun Champion Author Kentucky Posts:1,962 Points:384,840 Joined:Apr 2012	Message Posted: Apr 24, 2012 8:35:25 AM Ignore Dailyrun Report Abuse Can't let that oil go -- it would make the prices go down.
flyfast Champion Author Kansas City Posts:9,233 Points:1,822,035 Joined:Jan 2008	Message Posted: Apr 24, 2012 8:35:03 AM Ignore flyfast Report Abuse IT WILL KEPT
Wildman14 Champion Author Virginia Posts:3,675 Points:834,905 Joined:Jul 2008	Message Posted: Apr 24, 2012 8:34:31 AM Ignore Wildman14 Report Abuse And when the price per barrel goes up they'll ship it out.
Tnerbeel Champion Author Houston Posts:8,804 Points:1,744,835 Joined:Mar 2007	Message Posted: Apr 24, 2012 8:33:15 AM Ignore Tnerbeel Report Abuse Just a small inconvenience to them on their way to nuclear warhead capabilities.
NotTom Champion Author New Hampshire Posts:5,331 Points:1,381,815 Joined:Aug 2005	Message Posted: Apr 24, 2012 8:33:08 AM Ignore NotTom Report Abuse Who knows if they will listen.
curlypooh Champion Author New Jersey Posts:11,145 Points:2,001,795 Joined:Apr 2007	Message Posted: Apr 24, 2012 8:33:01 AM Ignore curlypooh Report Abuse I'm happy for them. They can drink and play in the stuff when no one buys it.
able2ru Champion Author Little Rock Posts:2,533 Points:803,605 Joined:Mar 2005	Message Posted: Apr 24, 2012 8:31:17 AM Ignore able2ru Report Abuse Yep, stored at sea. I suppose that as it is stored at sea, it will be moving towards its destination market... who is fooling whom?
fatfed Champion Author San Antonio Posts:2,845 Points:472,415 Joined:Dec 2011	Message Posted: Apr 24, 2012 8:30:34 AM Ignore fatfed Report Abuse They will try ever trick in the book
papou Champion Author Tampa Posts:10,864 Points:1,902,335 Joined:Jul 2005	Message Posted: Apr 24, 2012 8:29:30 AM Ignore papou Report Abuse let them eat it ?
elsheink Veteran Author Ontario Posts:494 Points:158,340 Joined:Apr 2008	Message Posted: Apr 24, 2012 8:28:21 AM Ignore elsheink Report Abuse I would like to buy their gas. Who can I contact?
Drill4Petro Champion Author Illinois Posts:4,066 Points:1,011,185 Joined:May 2010	Message Posted: Apr 24, 2012 8:27:49 AM Ignore Drill4Petro Report Abuse Hiding oil like Iraq hid WMDs.
cehend Champion Author Maryland Posts:1,725 Points:461,525 Joined:Jan 2011	Message Posted: Apr 24, 2012 8:27:36 AM Ignore cehend Report Abuse I don't think it is a good idea for Iran to do this (i.e. pirates and ship wrecks, etc).
HockeyLady Champion Author New Jersey Posts:5,568 Points:2,105,520 Joined:Jun 2005	Message Posted: Apr 24, 2012 8:27:33 AM Ignore HockeyLady Report Abuse good targets
lkozark Champion Author Missouri Posts:5,115 Points:1,362,610 Joined:Jul 2007	Message Posted: Apr 24, 2012 8:27:29 AM Ignore lkozark Report Abuse So why keep pumping?
pnivens Veteran Author Georgia Posts:426 Points:434,265 Joined:Oct 2011	Message Posted: Apr 24, 2012 8:27:29 AM Ignore pnivens Report Abuse I'm sure China and/or Russia will take it off Iran's hands despite sanctions.
blueBMW480 Champion Author Nashville Posts:818,391 Points:836,740 Joined:Jan 2011	Message Posted: Apr 24, 2012 8:27:27 AM Ignore blueBMW480 Report Abuse Great
chemist74 Champion Author Cleveland Posts:13,510 Points:2,395,980 Joined:Apr 2005	Message Posted: Apr 24, 2012 8:27:23 AM Ignore chemist74 Report Abuse As soon as Iran cuts its prices China and India will buy the oil.
tribill Champion Author Twin Cities Posts:3,342 Points:2,336,610 Joined:Feb 2006	Message Posted: Apr 24, 2012 8:27:12 AM Ignore tribill Report Abuse WHatever....
checkitnow Champion Author Atlanta Posts:2,021 Points:568,545 Joined:Aug 2010	Message Posted: Apr 24, 2012 8:26:39 AM Ignore checkitnow Report Abuse good, they wanted nuke power -- lets see if they can run their economy on bombs
I10Express Champion Author San Antonio Posts:8,649 Points:1,635,970 Joined:Nov 2008	Message Posted: Apr 24, 2012 8:26:37 AM Ignore I10Express Report Abuse I haven't heard much on the Somali pirates lately. I wonder if they have an eye on Iranian tankers.
pmc3 Champion Author Missouri Posts:3,595 Points:1,023,585 Joined:Mar 2010	Message Posted: Apr 24, 2012 8:25:44 AM Ignore pmc3 Report Abuse maybe they can be stuck with ALL of their oil anchored at sea!!!
BANKIS2 Champion Author Phoenix Posts:4,246 Points:910,555 Joined:Aug 2010	Message Posted: Apr 24, 2012 8:25:43 AM Ignore BANKIS2 Report Abuse good
CorvairHaven Champion Author Cleveland Posts:4,339 Points:1,450,165 Joined:Sep 2008	Message Posted: Apr 24, 2012 8:25:32 AM Ignore CorvairHaven Report Abuse Politics and greed.
brownsbacker80 All-Star Author Akron Posts:620 Points:454,990 Joined:Sep 2011	Message Posted: Apr 24, 2012 8:25:07 AM Ignore brownsbacker80 Report Abuse SOunds like a disaster waiting to happen to me
colaguy Champion Author Columbia Posts:3,166 Points:1,006,150 Joined:Oct 2008	Message Posted: Apr 24, 2012 8:24:48 AM Ignore colaguy Report Abuse not good
mswillia Champion Author Milwaukee Posts:2,618 Points:570,625 Joined:Feb 2010	Message Posted: Apr 24, 2012 8:24:05 AM Ignore mswillia Report Abuse aww, too bad
SSchmidty Champion Author Illinois Posts:9,328 Points:1,773,205 Joined:Mar 2008	Message Posted: Apr 24, 2012 8:24:03 AM Ignore SSchmidty Report Abuse How does this matter one twit?
cobbwebb Champion Author New Hampshire Posts:1,624 Points:541,770 Joined:Sep 2011	Message Posted: Apr 24, 2012 8:23:46 AM Ignore cobbwebb Report Abuse bummer for them, not bringing in much money that way.
niceguytx Champion Author Houston Posts:13,680 Points:2,709,735 Joined:Sep 2005	Message Posted: Apr 24, 2012 8:23:38 AM Ignore niceguytx Report Abuse We'll see if they are still there by the fall.
Illini_Chief Champion Author Illinois Posts:105,414 Points:1,974,590 Joined:May 2007	Message Posted: Apr 24, 2012 8:23:11 AM Ignore Illini_Chief Report Abuse Now, blow them up (if it weren't an ecological disaster to do so).
nwhawk Champion Author Kansas Posts:1,952 Points:569,640 Joined:Nov 2010	Message Posted: Apr 24, 2012 8:21:42 AM Ignore nwhawk Report Abuse Sounds like a national crisis is in the making.
survken Champion Author Indiana Posts:2,472 Points:435,855 Joined:Jul 2010	Message Posted: Apr 24, 2012 8:21:09 AM Ignore survken Report Abuse Sounds dangerous.
taxiken Champion Author Twin Cities Posts:5,925 Points:1,542,750 Joined:Feb 2003	Message Posted: Apr 24, 2012 8:21:02 AM Ignore taxiken Report Abuse They can drink it when they run out of food.