Iran has loaded 22 million barrels of oil to Dalian, China, which is expected to arrive in October and November before US sanctions are introduced. NITC tankers have now switched off their tracking devices when loading or discharging oil to evade U.S. authorities as the United States will re-impose sanctions on Iran in early November, according to Refinitiv Eikon shipping data. Dalian normally takes up to three million barrels of Iranian oil per month, and during the last round of US sanctions against Iran, the country stored its oil at the Dalian terminal and sold it on to South Korea and India. The move comes as China seeks alternative sources for oil, with a growing number of countries looking into developing their own offshore fields. /discharging oil, but three tankers are set to arrive in China in November.
Iran has loaded 22 million barrels of oil to Dalian, China, which is expected to arrive in October and November before US sanctions are introduced. Dalian normally takes up to three million barrels of Iranian oil per month, and during the last round of US sanctions against Iran, the country stored its oil at the Dalian terminal and sold it on to South Korea and India. The move comes as China seeks alternative sources for oil, with a growing number of countries looking into developing their own offshore fields. /discharging oil, but three tankers are set to arrive in China in November.