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July 28, 2010       Share:    

Source: http://af.reuters.com/article/energyOilNews/idAFLDE66P1GA20100726?sp=true

Iran Fuel Imports Nosedive as Sanctions Bite

(Reuters) Amena Bakr and Luke Pachymuthu - Only three cargos of gasoline have reached Iran so far in July, supplied by Turkey and China, as new sanctions divert ships carrying fuel. Another cargo is expected to arrive from Venezuela. Traditionally during the summer driving season, Iran needs 11-13 cargos a month, a Dubai-based trader said. "Many ships are being diverted, so Iran is only getting a fraction of its actual summer demand," said a trader.

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