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 was also the first well in the Middle East. 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 US said in a press release. The Chinese companies building Irans surveillance state, The Canadian businessmen accused of helping Irans regime, Report Who are the people working for Iranian regime in Azerbaijan as spies. National Iranian Tanker Co; See All See Less Related Places Dubai; See All . The United States granted temporary six-month waivers to a few countriesChina, India, South Korea, Turkey, Taiwan, Malaysia, South Africa, Singapore and Sri Lankathat had long depended on Iranian energy. TOP 30 TANKER COMPANIES The managed fleet list shows 55 vessels, although charters increase that figure considerably. Jun 23 2020 (May 7, 2020) - Iran has shuffled the web of companies that own its oil tankers in recent months, forming five new firms in Belize while it shut down over a dozen front companies in the Carribean nation. The Sabiti had previously delivered one million barrels of oil to Syria, according to Tanker Trackers in September 2019. TEHRAN - Iranian-flagged VLCC Horse, belonging to the National Iranian Tanker Company (NITC), which was detained by Indonesian authorities in late January, was released on Friday and will return to Iran after completing its mission. )3`EV9Op4`^@&$,{R6@?+8~-G?N{HJ-II"oCIYIPqAVn/qWc.%PT~pS![t'ekUE4tvwz*B&Q_i%`z' y s_%Cn/)yQr*iY*9!/%t}Htqqc}?lf` zmi;[xv cc5]KxY&6[Pdt\{-78OmodvLZv[h2w; 9]9q~= j oh!J~`6RKg5la{z4K|{[N}s'xxZnF$7P'QE~]^syZ8}8zV)"Sp/q As of January 2011, NITC has 46 tankers with an annual capacity of 10.6 million tons to be increase to 12.5 million tons by the end of the year. As at 2011, NITC ranks as the fifth-biggest tanker operator worldwide, with a total of 43 ships. Iran used ship-to-ship transfers to conceal oil sales. On September 8, Irans foreign ministry announced that it had finally sold the tankers oil but did not name the buyer. TEHRAN The Head of National Iranian Tanker Company (NITC) said that free trade is Irans right and no power can intervene in the country's exports and imports, IRNA reported on Tuesday. The Iran Astaneh was an Iranian oil tanker registered to the NITC. , Iran was forced to relist ships under its own flag, which in turn led foreign companies to be less willing to accept deliveries. 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. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. In April 2012,Iranagain reflaggedthe tankerto Bolivia whileit wascarrying smuggled oil through the Suez Canal. Currently, NITC's web site lists a fleet of 39 tankers, which it uses to carry Iranian oil, and also charters out on the international market. Chinese companies appeared more hesitant to do business with Iran for fear of financial penalties. TheSabitiwas reportedly60 miles from the Saudi port of Jeddah when it was hit. In September 2008,theUnited Statesannouncedsanctions onTehransshipping industry, which prompted Iran touse foreignfront companies tomaskownership of its tanker fleet. All fleet vessels KPI benchmarked against fleet averages to manage your company's risk and opportunities. TehranusedaMaltesefront company to disguise theTours ownership and hide its connection to the Iranian government. The National Iranian Tanker Company (NITC, Persian: , Shirkat-e Mili-ye Nuftekshi-ye Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. Jan. 28, 2016 TEHRAN Until 2012, the leaders of the National Iranian Tanker Company relished their work, playing cat and mouse with the Western authorities as they tried to keep a portion. [10], In 2009, in a move aimed at further enhancing Iran's shipbuilding industry, President Mahmoud Ahmadinejad said he will ban the purchase of foreign ships by Iranian organizations. The cooperation and coordination between the IRGC-QF and these entities extends well beyond the simple sale of oil, including coordination between NIOC and the Central Bank of Iran to facilitate the collection of tens of millions of dollars in proceeds from the sale of oil that benefitted the IRGC-QF. In mid-2020, Zanganeh continued to act as an intermediary between the IRGC-QF and a Syrian regime-affiliated business, arranging for the funding of the release of a seized vessel and additional shipments of fuel oil; NITC set up a front company in the United Arab Emirates (UAE), Atlas Ship Management. Nasrollah Sardashti, the commercial director of the National Iranian Tanker Company (NITC), said his company was in talks with all leading insurance and classification firms, including Lloyds, DNV GL and Bureau Veritas. Iran programmed the tankers GPS system to send incorrect satellite signals that confused global tracking systems. According to the National Iranian Oil Companys reports, the acidizing tanker which operates along the lines of the South Pars phase 16 development plan, has managed to increase phase 16 wells oil production up to a record-breaking 2.5 times. 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. Iran's National Iranian Oil Tanker Company has announced plans to build a dual-fuel aframax in a domestic shipyard. Irans brazen seizure of the ship is raising alarm bells with regional experts who say that Tehrans terrorism has gotten so out of control that not even China, a close ally of the Islamic nation, is immune to its escalating provocations. The so-called Tanker War was launched in March 1984 by Iraqs airstrike on Irans Kharg Island oil terminus and several Iranian ships. In 2007, Tehranreflaggedthe tankerfrom Iranto Malta; it alsochangedthe tankersnamefrom the Tourto the ISIM Tourtopreemptivelyavoid U.S. sanctions. As of January 2011, NITC has 46 tankers with an annual capacity of 10.6 million tons to be increase to 12.5 million tons by the end of the year. 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. NITC's revenues during the last Iranian year (ended March 20, 2009) reached $1.5 billion. 0wLE/{es"VjZ15I]U|{"Tu UUT.XEJ[>K= E!$\Sov^3yeBv5x?&xnx}3q=% 5w Between January and July 2019, Panama delisted over 50 Iranian tankers. It also owns three chemical vessels and a liquefied petroleum gas ( LPG) carrier. GeoLocation divisions are divided into two fields, Black List and Gray List. TEHRAN - Hojjatollah Abdolmaleki, the minister of cooperatives, labor, and social welfare, has praised the performance of the National Iranian Tanker Company (NITC) during a visit to the 26th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2022). 123 0 obj <> endobj [2] It is the biggest tanker company in the Middle East. Valuable research and technology reports. Saheb Sadeghi, the NITC head of public relations, said that the missiles were possibly fired from Saudi territory. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action. Like Belize, Panama is a tax-haven that hosts a number of front companies for Irans tankers. NITC's fleet will now include 26 VLCCs, nine Suezmaxes andfive Aframaxes. The war made it difficult for Iran to transport oil cheaply because of increased insurance rates on Iranian cargo. Iran has the worlds fourth-biggest proven oil reserves but its exports have slumped from a pre-sanctions peak of over 3 million barrels per day (bpd) to little over 1 million bpd as the restrictions left it with only a few customers, largely in Asia. Another satellite signal showed the tanker sailing though the Indian Ocean to sell its cargo in East Asia before returning to Iran. Large VLCC tankers linked to Chinas National Petroleum Company reportedly conducted ship-to-ship transfers of Iranian crude off the coast of Malacca. Its fleet was very old, with 21 tankers built in 2000 or earlier. Iran became one of the top five oil producers in the world. 25). Beijing is the biggest buyer of heavily sanctioned Iranian crude oil, importing at least $22 billion worth since President Joe Biden took office. Entities affiliated with Designated / Sanctioned / Illicit entities. In a depressed global shipping sector, Iran offers a rare business opportunity. [1] The company transports Iranian crude to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, TotalEnergies, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi. ;.v;Jpf:fNpLhtCPe0 The Trump administration also threatened to sanction any foreign company or country that dared to buy from Iran. 13599 for meeting the definition of the term Government of Iran", Status:Top Alert Entity designated / sanctioned for terror, WMD and human rights violation. TEHRAN Hossein Shiva has been appointed as the new managing director of the National Iranian Tanker Company (NITC), the companys Public Relations Department announced. 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. 13599 for meeting the definition of the term Government of Iran.; Iranian oil shipment through The Suez canal provides a route for oil from Iran to Syria U.S. imposes sanctions on Irans petrochemical industry Greece and Iran: The Dark Side of the Relationship Report Announces Determination that the National Iranian Oil Company is an Agent or Affiliate of Irans Islamic Revolutionary Guard Corps; Treasury Targets Iranian Attempts to Evade Sanctions; Individuals and entities linked to National Iranian Tanker Company Listed by the European Union in October 2012 as an entity linked to Irans proliferation-sensitive nuclear activities or Irans development of nuclear weapon delivery systems; Effectively controlled by the Government of Iran. The tactic was used to confuse tracking systems and conceal the vessels destination. Many of these companies terminated contracts with the NITC after the Trump administration reinstated sanctions on Irans shipping industry in November 2018. The Millionaire was owned by the NITC but was flagged to Tanzania. It had a total shipping capacity of 14.1 million tons, or 102 million barrels, the NITC reported. Britain claimed that Iran had sold the cargo to Syria. The Anglo-Persian Oil Company built the Abadan oil refinery on the Persian Gulf. The Treasury Department is also identifying today the National Iranian Tanker Company (NITC) as a Government of Iran entity and, for the first time, the NITC fleet and various front companies belonging to NITC, Treasury said in a press release. In June 2012,the shipappearedin areportby the U.N. Panel of Experts on Iran, which described specific instances of Iranian smuggling operations using its tanker fleet. 0 Some countries removed Irans tankers from their registries after the United States tightened sanctions. The dates given for each ship represent the period of illicit activity. In 2009, in a move aimed at further enhancing Iran's shipbuilding industry, President Mahmoud Ahmadinejad said he will ban the purchase of foreign ships by Iranian organizations. But Iran could still face legal uncertainties. Beyond a potential listing, Sardashti said that he hoped NITC would receive 70-80 percent international financing for fleet modernization either from European or Asian lenders. The ship was tracked off the coast of Tartus, Syria. Tankers are equipped with an Automatic Identification System or A.I.S. ", The incident could indicate that Chinas recently brokered peace deal between Iran and Saudi Arabia may not be as strong as some observers believe. Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations. As at 2010, the company operated 28 Very Large Crude Carriers (VLCC), nine Suezmax and five Aframax tankers. 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. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. After the report, theTour2was listed under different names and flags, including the Sierra Leone and the Togo,butitremained in the service of Iran. The National Iranian Tanker Co., the country's top oil-shipping company, is tinkering with plans to list some of its shares in domestic and international markets, the chief executive said. , a tanker owned by the National Iranian Tanker Company, Saheb Sadeghi, the NITC head of public relations, said that the missiles were possibly fired from Saudi territory. Irans sale of oil to Syria violated E.U. The National Iranian Tanker Company ( NITC, Persian: , Shirkat-e Mili-ye Nuftekshi-ye Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. In September 2019, Iran changed the names of three supertankers smuggling Iranian oil to China. 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. The large percentage of tankers devoted to storage reduced Irans export capacity. Jewish Students Reported a Professor for Anti-Semitism. 650 people attended the anniversary, 350 from Iran and 300 from overseas. It was not immediately clear which entities would provide insurance for those shipments worth $1.5 billion a month. In August 2019, Irans tanker storage capacity was full, with more than 111 million barrels stockpiled offshore on 12 tankers, a fifth of its total fleet. Send . "Irans actions are contrary to international law and disruptive to regional security and stability. Gibraltar released the oil tanker on August 15, after Tehran provided written guarantees that the ship would not deliver oil to Syria. April 22 The United States announced that it would stop granting sanctions exemptions to eight countries that imported Iranian oil: India, China, Turkey, Italy, Greece, South Korea, Taiwan, and Japan. Aug. 1 The U.S. Congress passed The Iran Sanctions, Accountability, and Human Rights Act. Update now. Aug. 5 - The U.S. Congress passed the Iran-Libya Sanctions Act to deter foreign investment in Irans energy sector. Iran's seizure of a Chinese-owned oil tanker in the Gulf of Oman on Thursday signals that even Tehran's closest allies are subject to its malign . The United States militarywhich is a frequent target of IRGC harassment and confrontation in the Persian Gulf regionis reportedly monitoring the situation via its fifth fleet. One international tracking signal showed the Millionaire sailing the Lady Rashas course through the Mediterranean. TEHRAN- Irans Oil Minister Javad Oji praised the performance of National Iranian Tanker Company (NITC) Head Hossein Shiva in the cabinet meeting on Wednesday, Irans Maritime News Agency (MANA) published on Friday. [1] In 2009, Iran and South Korea's Daewoo signed a $128-million contract on tanker supply with a capacity to carry 2.1 million barrels of crude. TEHRAN National Iranian Tanker Company (NITC) has awarded the project for building a 113,000-ton oil tanker to a high-level domestic company, the companys managing director announced. Foreign companies beganwithdrawingfrom Iran rather than risk running afoul of U.S. sanctions. Iraq attacked Iranian ships in the northern Persian Gulf starting in 1981, but Iran did not respond with similar attacks for three years. It was originally run by the state under both the monarchy and the theocracy. The Sea Dragon was renamed the Nexo; the Ming Zhu was renamed the Artemis; and the Gas Infinity was renamed the Echo Star, according to data from Kpler. 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. Almost all international shipping companies and brokerage firms were there, said Sardashti. V 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. Shipping of oil, petroleum products doubled in 7 months, Oil shipment by NITC fleet doubled: minister, NITC plays significant role in boosting Irans oil export, Oil, related products transport almost doubled in 4 past months, Domestic company to build 113,000-ton oil tanker for NITC, NITC shipping activities increase significantly, NITC to take special measures to improve livelihood of personnel, New managing director outlines NITCs goals, priorities, Hossein Shiva appointed NITCs new managing director, Iran implements project for injecting gas condensate into oilfield for 1st time, Indonesia releases seized Iranian oil tanker, Indian Muslims Protest Against Demolition of Jannatul Al-Baqi, Archaeological discoveries to alter Persian Gulf history, 2,600 inmates trained as crafters in Alborz, 100 historical monuments of Khorasan Razavi restored every year, Khorramabad to gain foothold on national tourism map, Sassanid town in southern Iran named national heritage, Beijings ambassador visits UNESCO sites in southwest Iran, Iran successfully tests aircraft engine made by Iranian parts, Iran FM appoints new deputy for Caspian Sea affairs, Iraqi prosecutor launches probe into alleged role of ex-PM role in Gen. Soleimani assassination, The Story of Seven Countries: A Review of US Aggression in West Asia and North Africa, Iran, S. Arabia resuming diplomatic ties: Foreign Ministry, Israel has suffered devastating blows from Iran: intelligence chief. May harm your business future. Iran has used its fleet of 54 oil tankersthe second largest state-owned fleet in the worldas a tool to game sanctions to continue selling its oil. Although all the tankers are double hull and comply with international regulations, they are getting old as the life of a trading VLCC is 15-17 years. The privatization was purportedly a fictional scheme to shield NITC from sanctions. Tehran formed the National Iranian Oil Company (NIOC) to manage its oil exports. [9], NITC expects by 2013 to have 74 ships of all sizes, including very large crude carriers, or VLCCs, and also smaller vessels. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. 2022-03-04 16:12 NITC plays significant role in boosting Iran's oil export that continuously broadcasts their location. [6] As of January 2011, NITC has 46 tankers with an annual capacity of 10.6 million tons to be increase to 12.5 million tons by the end of the year. Be sure. In the last three months, 22 tankers owned by firms in Belize were moved directly under the ownership of the NITC, according to data reviewed by Akhbar Alaan. Iran also changed the names of its tankers to confuse global ship-monitoring systems. 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. [1] The Iranian government should immediately release the oil tanker," U.S. hb```a``r Q At the peak of the war,Tehran had a total fleet of 17 tankers. April 27, 2023. Each country is responsible for the activities of the ships flying its flag and must ensure they abide by international maritime law. The tanker is managed by a company based in Turkey, another country that has maintained generally good relations with Tehran. NITC has a capacity of 11 million tons per year. BlackList is a list of all companies, organizations and figures who originate from Iran. It's gross tonnage is 164241 tons. Under international maritime law, merchant ships must be registered with a country. In July 2012, Iran changed the vessels name to the Neptune to conceal its identity as an Iranian vessel and make finding a buyer easier. TEHRAN- Iranian Merchant Mariners Syndicate (IMMS) appreciated the efforts made by the National Iranian Tanker Company and honored the companys Managing Director Hossein Shiva for making constructive changes and removing many human resources problems in this company. Reason for the color: Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) on October 26, 2020 pursuant to Executive Order 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, the IRGC-QF; Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) on November 5, 2018, identified pursuant to E.O. Entities affiliated with Designated / Sanctioned / Illicit entities. 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). Iran also regained access to the international financial system, repatriated billions of dollars in frozen assets abroad, and returned to the oil market. marquette basketball assistant coaches, 1nt family suite great wolf lodge,
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