Energy companies are grappling with sophisticated techniques used by Iran to evade U.S. sanctions
The cargo was intended for Sicily’s Milazzo oil refinery, which Eni jointly owns with Kuwait Petroleum Italia. Photo: Roberto La Rosa/Alamy By Sarah McFarlane and Benoit Faucon June 19, 2019 1:43 pm ET Italy’s oil giant Eni E 0.70% SpA has rejected a cargo of suspected Iranian crude, as energy companies grapple with sophisticated techniques used by Iran to evade U.S. sanctions.
The Eni spokesman said the company “is not aware if, or has evidence of, a precise geographical origin different from that indicated on the documents of origin and load.” Oando Trading’s general manager of corporate development Effanga Effanga, said “at the point of loading there was a joint inspection between Eni and Oando and it met contract specifications and at the point of discharge we found out it was off-spec due to the sulfur content.” Mr. Effanga declined to specify whether that inspection took place in the Persian Gulf or elsewhere.
The dismissal was “in respect to a transaction involving breaches of internal rules and fiduciary duties related to a transaction on high density polyethylene prior to the current White Moon issue coming under scrutiny.”Iran was suspected during sanctions earlier this decade of selling sanctioned crude by using tactics such as disguising oil’s origins and getting tankers to turn off location-tracking devices.
Before unloading oil to the White Moon, New Prosperity received its cargo from a ship-to-ship transfer with a Vietnam-flagged vessel named Abyss. Ship-tracking data showed Abyss wasn’t emitting a radio signal for its location between April 24 and May 3.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Mine used in oil tanker attack is similar to Iranian mines, U.S. Navy expert saysA U.S. Navy explosives expert said that a limpet mine used on a Japanese-owned oil tanker last week 'bears a striking resemblance' to similar Iranian mines. Iran has denied being involved in the attack.
Baca lebih lajut »
Oil group Total hopes new supercomputer will help it find oil faster and more cheaplyEnergy major Total said its new supercomputer - which has propelled it to a worl...
Baca lebih lajut »
Iran will not wage war against any nation: Iranian presidentIran will not wage war against any nation, President Hassan Rouhani said on Tues...
Baca lebih lajut »
Trump calls alleged Iranian tanker attacks 'very minor'President Donald Trump downplayed the seriousness of suspected attacks on two merchant tankers in the Gulf of Oman last week.
Baca lebih lajut »
Iranians navigate turbulent currency market, uncertain future“With no negotiation, I am sure my country won’t be the place my son can seed plans for his future.' Iranians navigate a turbulent currency market and uncertain future as tensions with U.S. rise:
Baca lebih lajut »
US Navy expert: Tanker attack mine resembles Iranian minesThe limpet mines used to attack a Japanese-owned oil tanker near the Strait of Hormuz last week bore 'a striking resemblance' to similar mines displayed by Iran, a U.S. Navy explosives expert said Wednesday, stopping short of directly blaming Tehran for the assault. Iran has denied being involved
Baca lebih lajut »