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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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tauro514 Champion Author Connecticut Posts:3,135 Points:1,800,115 Joined:Oct 2006	Message Posted: Apr 24, 2012 8:21:52 AM Ignore tauro514 Report Abuse ok...speculators...all over the world..
40mpgsaturn Champion Author Wisconsin Posts:2,490 Points:520,430 Joined:Jun 2011	Message Posted: Apr 24, 2012 8:20:25 AM Ignore 40mpgsaturn Report Abuse I have no sympathy for Iran!
ratboy1968 Champion Author Montreal Posts:2,612 Points:548,050 Joined:Oct 2011	Message Posted: Apr 24, 2012 8:19:51 AM Ignore ratboy1968 Report Abuse ok
GPD1739P Champion Author Illinois Posts:2,515 Points:724,405 Joined:Feb 2011	Message Posted: Apr 24, 2012 8:19:19 AM Ignore GPD1739P Report Abuse Iran - one of the major troublemakers in the middle east.
Cableman66 Champion Author North Carolina Posts:2,110 Points:489,945 Joined:May 2011	Message Posted: Apr 24, 2012 8:18:55 AM Ignore Cableman66 Report Abuse Good. We sure did buy them a lot of tankers.
wt0826 Champion Author Ontario Posts:3,721 Points:835,175 Joined:Jun 2009	Message Posted: Apr 24, 2012 8:16:06 AM Ignore wt0826 Report Abuse The sanctions are biting.
db60 All-Star Author Indiana Posts:982 Points:211,255 Joined:Oct 2011	Message Posted: Apr 24, 2012 8:12:12 AM Ignore db60 Report Abuse Hmmmm.
humblepie Champion Author Toledo Posts:34,191 Points:2,371,370 Joined:Mar 2006	Message Posted: Apr 24, 2012 8:11:22 AM Ignore humblepie Report Abuse dont believe it.
smokinjoe54 Champion Author Ohio Posts:4,713 Points:911,560 Joined:Feb 2010	Message Posted: Apr 24, 2012 8:09:43 AM Ignore smokinjoe54 Report Abuse I don't feel sorry for them.
radiorumor Champion Author Texas Posts:2,807 Points:752,885 Joined:Feb 2011	Message Posted: Apr 24, 2012 8:07:58 AM Ignore radiorumor Report Abuse Sounds like they are up the Gulf without a paddle
RobertSpratt Champion Author Virginia Beach Posts:4,830 Points:1,044,790 Joined:Jul 2007	Message Posted: Apr 24, 2012 8:07:41 AM Ignore RobertSpratt Report Abuse Thats a disaster waiting to happen
putz247 Champion Author Ohio Posts:2,281 Points:512,030 Joined:Aug 2011	Message Posted: Apr 24, 2012 8:06:38 AM Ignore putz247 Report Abuse no good if it spills
techque Champion Author St. Louis Posts:8,650 Points:2,419,405 Joined:Apr 2005	Message Posted: Apr 24, 2012 8:05:27 AM Ignore techque Report Abuse doesn't that just break your heart?
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: Apr 24, 2012 8:04:17 AM Ignore AuburnTim Report Abuse Stupidity
jony Champion Author Florida Posts:7,321 Points:1,631,590 Joined:May 2006	Message Posted: Apr 24, 2012 8:02:45 AM Ignore jony Report Abuse sure hope none of them aare leaking
A2J Champion Author Richmond Posts:3,070 Points:601,975 Joined:Aug 2011	Message Posted: Apr 24, 2012 8:01:49 AM Ignore A2J Report Abuse Let them..,
Mariuxus Champion Author Chicago Posts:3,758 Points:1,870,275 Joined:May 2007	Message Posted: Apr 24, 2012 8:01:16 AM Ignore Mariuxus Report Abuse ok...speculators...all over the world..
jci25946 Champion Author Tampa Posts:3,266 Points:939,790 Joined:Jan 2006	Message Posted: Apr 24, 2012 8:01:14 AM Ignore jci25946 Report Abuse Not a new trick! In the first gas shortage in the 70's with gas lines, rationing and Sunday closings they filmed large groups of fully loaded tankers cruising up and down off the east coast. Can you say artificial shortage!!!
otherdave Champion Author Indiana Posts:3,393 Points:1,268,410 Joined:Oct 2008	Message Posted: Apr 24, 2012 8:00:56 AM Ignore otherdave Report Abuse I hope they choke on it!
tutaw Champion Author Kentucky Posts:3,595 Points:841,770 Joined:Sep 2008	Message Posted: Apr 24, 2012 8:00:08 AM Ignore tutaw Report Abuse will it help all of us?
bjdorval Champion Author Quebec Posts:2,254 Points:1,133,955 Joined:Jul 2008	Message Posted: Apr 24, 2012 7:59:50 AM Ignore bjdorval Report Abuse Sounds like these tankers are queing for the New Years fireworks display. Do the Iranians have their version of Dick Clark for the festivities?
jpgilmor Champion Author Houston Posts:2,160 Points:602,975 Joined:Feb 2011	Message Posted: Apr 24, 2012 7:59:37 AM Ignore jpgilmor Report Abuse Guess they are quickly coming to a decision point.
stpetebp Champion Author Tampa Posts:6,222 Points:1,732,580 Joined:Nov 2007	Message Posted: Apr 24, 2012 7:59:02 AM Ignore stpetebp Report Abuse Good
CharlieC08 Champion Author Colorado Posts:8,077 Points:1,486,075 Joined:Oct 2008	Message Posted: Apr 24, 2012 7:59:01 AM Ignore CharlieC08 Report Abuse Does not sound like a good plan to me.
run4gxc Champion Author Ohio Posts:2,721 Points:611,075 Joined:May 2011	Message Posted: Apr 24, 2012 7:58:47 AM Ignore run4gxc Report Abuse morons
Legend1500 All-Star Author Midland Odessa Posts:964 Points:567,975 Joined:Jun 2011	Message Posted: Apr 24, 2012 7:58:20 AM Ignore Legend1500 Report Abuse K
rockymountman Champion Author Roanoke Posts:1,959 Points:401,660 Joined:Jul 2011	Message Posted: Apr 24, 2012 7:58:13 AM Ignore rockymountman Report Abuse Let's "steer" those tankers to refineries in this country.
Clits All-Star Author Louisiana Posts:866 Points:257,040 Joined:Mar 2005	Message Posted: Apr 24, 2012 7:57:19 AM Ignore Clits Report Abuse That's not good.. Oil spill just waiting to happen.
Baron62nd Champion Author Illinois Posts:7,017 Points:1,670,120 Joined:Sep 2007	Message Posted: Apr 24, 2012 7:56:46 AM Ignore Baron62nd Report Abuse Isn't China buying gold to pay for that oil?
johntxx Champion Author Texas Posts:2,778 Points:615,345 Joined:Aug 2011	Message Posted: Apr 24, 2012 7:56:36 AM Ignore johntxx Report Abuse I'm still stuggling to try and figure out Iran's motive and long term goal. It is to have nuclear weapons, to prove they can't be dominated by other world governments or something else? [Edited by: johntxx at 4/24/2012 8:56:46 AM EST]
tomok Champion Author Portland Posts:32,995 Points:2,345,510 Joined:Aug 2006	Message Posted: Apr 24, 2012 7:55:55 AM Ignore tomok Report Abuse Fewer countries buying oil from Iran and there is nowhere to put their oil production. Storing oil in tankers at sea is very risky but the tanker can be sent on its way when someone buys a load. Storing oil in tankers at sea can create a massive oil spill if someone decides to do something against Iran. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible! The price of fuel at the pump is too high! 12/22/2012!
bigdipperMS Champion Author Mississippi Posts:1,512 Points:536,775 Joined:Apr 2011	Message Posted: Apr 24, 2012 7:55:53 AM Ignore bigdipperMS Report Abuse I hope the sanctions work, but knowing the mind set of the leadership in Iran, it is very doubtful.
Wizrd03 Champion Author Illinois Posts:8,147 Points:1,631,360 Joined:Oct 2008	Message Posted: Apr 24, 2012 7:54:56 AM Ignore Wizrd03 Report Abuse A Terrorist diaster waiting to happen?
cableman31 Champion Author New York Posts:8,828 Points:2,015,825 Joined:May 2004	Message Posted: Apr 24, 2012 7:53:39 AM Ignore cableman31 Report Abuse Perfect targets for our NAVY and AIR FORCE.
Ethan777OH Veteran Author Ohio Posts:270 Points:25,720 Joined:May 2011	Message Posted: Apr 24, 2012 7:53:11 AM Ignore Ethan777OH Report Abuse ok
mnbeancounter Champion Author Minnesota Posts:4,732 Points:1,061,840 Joined:Oct 2009	Message Posted: Apr 24, 2012 7:52:31 AM Ignore mnbeancounter Report Abuse interesting
TXRanger09 Champion Author Dallas Posts:2,506 Points:891,175 Joined:May 2009	Message Posted: Apr 24, 2012 7:51:25 AM Ignore TXRanger09 Report Abuse That should improve oil tanker shipping rates.
Zeke33 Champion Author New Hampshire Posts:5,573 Points:1,615,085 Joined:Sep 2005	Message Posted: Apr 24, 2012 7:50:20 AM Ignore Zeke33 Report Abuse A better idea. Why not pirate these tankers?
Asbury09 Champion Author Iowa Posts:7,208 Points:1,529,330 Joined:Jan 2009	Message Posted: Apr 24, 2012 7:50:17 AM Ignore Asbury09 Report Abuse Iran is getting what it deserves
freedomsailor Champion Author Naples Posts:2,124 Points:409,695 Joined:Oct 2011	Message Posted: Apr 24, 2012 7:49:50 AM Ignore freedomsailor Report Abuse Such is life.....
police22 All-Star Author Oklahoma City Posts:596 Points:753,190 Joined:Jul 2004	Message Posted: Apr 24, 2012 7:49:18 AM Ignore police22 Report Abuse okay
NukeAtComEd All-Star Author Milwaukee Posts:725 Points:338,520 Joined:Jan 2011	Message Posted: Apr 24, 2012 7:48:52 AM Ignore NukeAtComEd Report Abuse If Iran and the US get to a shooting war, what a target!! Just like our planes @ Pearl Harbor!! Unfortunately, the politicians would not allow this one because it would effect the environment!
dlemma Champion Author Wyoming Posts:4,101 Points:1,554,045 Joined:Feb 2008	Message Posted: Apr 24, 2012 7:48:36 AM Ignore dlemma Report Abuse Drill baby Drill HEre - let them eat their own oil!
thirty8paces Champion Author Baltimore Posts:4,516 Points:1,106,130 Joined:Sep 2008	Message Posted: Apr 24, 2012 7:48:23 AM Ignore thirty8paces Report Abuse Too bad.
JWHITE1937 Champion Author Massachusetts Posts:2,519 Points:996,030 Joined:Aug 2006	Message Posted: Apr 24, 2012 7:47:59 AM Ignore JWHITE1937 Report Abuse Aren't all producers doing the SAME THING?? It helps keep prices artificially HIGH.
Bonanza Champion Author Boston Posts:12,083 Points:2,550,945 Joined:Jun 2004	Message Posted: Apr 24, 2012 7:46:05 AM Ignore Bonanza Report Abuse They will become targets for the pirates
ZeroBoxes Champion Author Mississippi Posts:1,069 Points:211,390 Joined:Apr 2012	Message Posted: Apr 24, 2012 7:45:37 AM Ignore ZeroBoxes Report Abuse Hmmm Wobder what will happen when all Iran's tankers are at sea..will pirates come?
racerdj Champion Author Indianapolis Posts:9,810 Points:2,055,600 Joined:Jun 2003	Message Posted: Apr 24, 2012 7:44:00 AM Ignore racerdj Report Abuse Let's hope they don't find buyers for that oil.
drawee Champion Author Texas Posts:2,300 Points:447,085 Joined:Feb 2012	Message Posted: Apr 24, 2012 7:43:45 AM Ignore drawee Report Abuse high jack them and say the Somoli pirates did it...
Wolfwings Champion Author Delaware Posts:8,735 Points:1,775,490 Joined:May 2004	Message Posted: Apr 24, 2012 7:43:44 AM Ignore Wolfwings Report Abuse Wih\th any luck, the fleet will explode, burning EVERY drop of oil.
vcsuksu21 Champion Author Oklahoma City Posts:2,468 Points:705,930 Joined:Dec 2010	Message Posted: Apr 24, 2012 7:42:59 AM Ignore vcsuksu21 Report Abuse ok
herndonks Champion Author Baltimore Posts:1,116 Points:211,685 Joined:Dec 2011	Message Posted: Apr 24, 2012 7:42:28 AM Ignore herndonks Report Abuse It would nice if the Iranians would actually drop their bomb development program.