Monday, 16 July 2012

Iranian oil embargo


India gets first Iran oil after embargo


 
Bangalore: India received its first crude oil shipment from Iran after an insurance embargo by the European Union took effect on 1 July, forcing the Persian Gulf nation to disguise its tankers in order to haul the fuel to its second biggest customer.
The 1996-built oil super tanker, Motion, with a capacity to load 298,731 tonnes of crude was unloading the oil through a single-point mooring (SPM) facility located at Vadinar, which comes within the limits of the Union government-controlled Kandla port in Gujarat.


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