The waivers were lifted in May 2019, when the United States launched its maximum pressure campaign to cut Irans oil exports down to zero. The act imposed tough penalties on companies found investing more than $20 million a year in Irans oil and gas industry. When Washington blocked one route Iran used to export oil, Tehran found another. It also owns three chemical vessels and a liquefied petroleum gas (LPG) carrier. On August 18, the Grace 1 changed its name to the Adrian Darya-1 and raised an Iranian flag before departing the Gibraltar port. Jungman, whose advocacy group closely tracks the regime in Tehran, described the timing of the incident as "peculiar. International sanctions were lifted in 2016, six months after a nuclear deal with the worlds six major powers limited Irans nuclear program. Provides financial support to the Government of Iran through its shareholders which maintain ties with the Government; Removed from the E.U. 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. 123 0 obj <> endobj Third round: In November 2018, the Trump administration re-imposed sanctions six months after withdrawing from the 2015 nuclear deal. Iran pumps about 4mn barrels per day to world markets, with roughly 60% bound for Asia and the remaining headed to Europe (2008). But the years of sanctions mean that Iran needs cash to modernize 20 large tankers within the next 2-3 years in what would be one of the biggest shipping orders of the past years, worth up to $1.5 billion based on average prices for new tankers. endstream endobj 124 0 obj <> endobj 125 0 obj <> endobj 126 0 obj <>stream Formerly also known as DAN, JUSTICE, DADGAR. Foreign maritime officials were also more likely to search ships with an Iranian flag. "Irans continued harassment of vessels and interference with navigational rights in regional waters are a threat to maritime security and the global economy.". 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). NITC has a capacity of 11 million tons per year. Countries that offer so-called flags of convenience typically have lax shipping regulations conducive to smuggling operations. Valuable research and technology reports. Meanwhile, the United States announced on Thursday new sanctions on the IRGC "for its involvement in the wrongful detention of at least one U.S. national abroad," according to the State Department. Shipping sources say NITC has more than 40 tankers out of a fleet of around 70, that are new and modern enough to export oil once they receive classification, which could be achieved within weeks. In 2019, the Adrian Darya-1originally named the Grace 1became the most infamous case of tanker deception. Its transmissions resumed on October 11, shortly after the incident. Tehran nationalized the oil industry after a series of disputes between the Iranian government and Anglo Iranian Oil Company, which had been administered by the British government. [citation needed]. It is essential to close off this funding stream to Tehran; The Iranian shipping industry is reviving previously employed deceptive practices in an effort to obfuscate IRISL or NITCs interests in vessels and other property. TEHRAN Managing Director of the National Iranian Oil Company (NIOC) has praised the significant role of the National Iranian Tanker Company (NITC) in boosting the countrys oil exports during the previous Iranian calendar year (ended on March 20). ", "Just last month, China brokered an agreement with Iran and Saudi Arabia which reflected Chinas growing influence in Iran," she said. In the early 1970s, it became the 19th largest oil company in the world, comparable to other medium-sized companiesItalys ENI or private U.S. companies such as the Atlantic Richfield Company and Occidental. But Iran could still face legal uncertainties. In December 2013, the U.S. Treasury sanctioned the ship for its role in facilitating the illegal sale of Iranian oil. Cancel. Reflagging tankers allowed Tehran plausible deniability for smuggling oil and breaking sanctions under the cover of foreign flags. sanctions on Syria. transponders when crossing the Suez Canal to hide their positions before they offloaded cargo in Syria and Turkey, The New York Times reported. [2] It is the biggest tanker company in the Middle East. In 2012, the European Union implemented a set of targeted sanctions that banned the import, purchase and transport of Iranian crude oil and petroleum projects. 162 0 obj <>stream Second round: In 2010, during the Obama administration, U.S. Congress passed the Comprehensive Iran Sanctions, Accountability, and Divestment Act, which targeted firms investing in Irans energy sector or selling refined petroleum to Tehran. Adam Kredo and Reuters. GeoLocation divisions are divided into two fields, Black List and Gray List. On October 11, Iranian state mediareportedthat theSabiti, a tanker owned by the National Iranian Tanker Company(NITC), was struck by missiles in the Red Sea. 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. TPbV8Yum-WZ{Oo;Y2*cG_v>@-IU/u[Mgn??!X2vF?? A further 10 were built in 2000. The ship then headed for Iskenderun, Turkey, but it went dark off the coast of Syria. Its first destination was listed as Kalamata, Greece, but the Greek government said it had no contact with the ship, nor did it have the capacity to host a tanker. These states maintain an open registry, which allows ship owners to register vessels without ties to the country. 0wLE/{es"VjZ15I]U|{"Tu UUT.XEJ[>K= E!$\Sov^3yeBv5x?&xnx}3q=% 5w ! D>+` Irans seizure of a Chinese-owned oil tanker in the Gulf of Oman on Thursday signals that even Tehrans closest allies are subject to its malign behavior, experts told the Washington Free Beacon. He noted that oil sales accounted for up to 40 percent of Irans revenue. The Sabiti stopped transmitting its position in August near the Iranian port city of Bandar Abbas. when traveling international routes. All fleet vessels KPI benchmarked against fleet averages to manage your company's risk and opportunities. 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. National Iranian Tanker Co (NITC) (9.7 mill dwt, plus at least three VLCCs, chemical . 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. Before sanctions, Tehran leased idle vessels to major oil companies. V Iran pumps about 4mn barrels per day to world markets, with roughly 60% bound for Asia and the remaining headed to Europe (2008). Aug. 5 - The U.S. Congress passed the Iran-Libya Sanctions Act to deter foreign investment in Irans energy sector. Iran If Iran is willing to risk confrontation with Beijing, it also may not hesitate to restart conflict with Riyadh. In March 2019, Iran used 12 tankers, over a fifth of its fleet, for floating storage of unsold stocks, according to MarineTraffic. All of the fleet is listed by Ofac, covering at least 54 tankers, including 38 VLCCs and eight suezmaxes according to Lloyd's List Intelligence. 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. At the time, it was one of the largest oil refineries in the world and significantly increased Iranian crude oil production. Irans total shipping capacity increased from 61.5 million barrels to 85.5 million barrels. 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The country emerged from years of economic isolation last weekend after crippling sanctions were lifted in return for Tehran complying with steps to curb its nuclear ambitions. [2] It is the biggest tanker company in the Middle East. The NITC began operations in 1955 with one 35,000-ton tanker. 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. One international tracking signal showed the Millionaire sailing the Lady Rashas course through the Mediterranean. By 1974, the fleet included four tankers. Irans tanker fleet is vulnerable to attacks and sabotage. As at 2011, NITC ranks as the fifth-biggest tanker operator worldwide, with a total of 43 ships. In April 2012,Iranagain reflaggedthe tankerto Bolivia whileit wascarrying smuggled oil through the Suez Canal. 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. St Kitts and Nevis deflags 36 tankers owned by biggest dark fleet owner Add a personalized message to your email . It is the biggest tanker company in the Middle East. In 1980, Iraq invaded Iran. Oil was discovered in Khuzestan province in the southwest of the Islamic Republic of Iran. It was privatized in 2000 after a consortium of three Iranian pension funds purchased its shares. The oil cargo was then covertly delivered to China. Jewish Students Reported a Professor for Anti-Semitism. In 1987, at the peak of the so-called Tanker War between Iran and Iraq, Tehran had a total fleet of 17 tankers. In future months, the Americans themselves will see that we will continue our oil exports, Iranian President Hassan Rouhani said in April 2019. Iranian crews have often turned off their ships transponders to evade detection and illicitly sell oil. countries imported 20 percent of Irans oil. We identify risk of entities by COLOR selection, each color marks the risk level of the entity. By adding these ships, LPG shipment capacity has increased and export and maritime transportation constraints have been reduced to an excellent minimum, he further added. NITC recently made an announcement that its navy currently has a total of 42 super-tanker vessels with VLCCs. Iran has relied on a series of front companies, dozens of them registered in Belize, for tankers under its control. Since February, four other recently-formed firms in Belize have acquired Iranian oil tankers. 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. By 2019, Iran had 54 tankers, including 38 very large crude carriers, or VLCCs, and eight Suezmaxes, according to Lloyds List Intelligence. [2] 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. The dates given for each ship represent the period of illicit activity. Name Design Reg.Nr IMO Yard Nr Built Port Remarks; Baikal: Tankers: 27101: 9357353: S317: 28.05.2008: Zanzibar: As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. View original page. In 2008, NITC transferred 103 million tons of petroleum products abroad. 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. Irans fleet totaled at least 54 tankers, including 38 VLCCs and eight Suezmaxes, according to Lloyds List Intelligence. Hectar Shipping is part of a network of eight firms in Panama that has acquired nine Iranian tankers since June 2019, according to maritime data reviewed by Akhbar Alaan. It was not immediately clear which entities would provide insurance for those shipments worth $1.5 billion a month. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action. Their University Retaliated Against Them. Its fleet was very old, with 21 tankers built in 2000 or earlier. 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. Each country is responsible for the activities of the ships flying its flag and must ensure they abide by international maritime law. 51 percent of the revenues came from Europe, 26 percent from Asia, 15 percent from Africa and 8 percent from other parts of the world, including Canada, Venezuela and Latin America. July 12 The United States first designated the NITC. As of 2015, Iran has 42 very large crude carriers or. %%EOF Britain, France and Germany moved to salvage the accord. 2022-03-04 16:12 NITC plays significant role in boosting Iran's oil export At the peak of the war,Tehran had a total fleet of 17 tankers. It has disguised its shipsby renaming them while at sea, reflagging them under other countries, and changing the unique identification codesto evade international tracking systems. This includes a drone attack last year on an Israeli-owned tanker. DUBAI, United Arab Emirates (AP) Iran's navy seized a Marshall Islands-flagged oil tanker in the Gulf of Oman on Thursday heading to the U.S. amid wider tensions over Tehran's nuclear . @` Visits Total: 19989509 | Last Month: 514882, IFMAT | Iran , Iranian Regime Frauds, Manipulations, Atrocities Human Rights Violations, Threats and Terror. Entities affiliated with Designated / Sanctioned / Illicit entities. November 8, 2021 - 14:26. The war made it difficult for Iran to transport oil cheaply because of increased insurance rates on Iranian cargo. Zhuhai Zhenrong Corp and Sinopec Group have activated a business clause in their long term supply agreement with NIOC, and likely Iran will cover all the costs and risks, including insurance, for the delivery of the crude. After the report, theTour2was listed under different names and flags, including the Sierra Leone and the Togo,butitremained in the service of Iran. The Europeans, China and Russiathe other partners to the dealcontinued to honor its terms. It has stored oil on its tanker fleet at sea while it searched for potential buyers willing to risk U.S. sanctions. , 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. NITC Has Biggest Supertanker Fleet In The World. 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. Most of Iran's tankers have changed flag registry, P&I club and classification society as well as switched off their AIS transponders to stymie vessel tracking since sanctions were first flagged in May. NITC has a capacity of 11 million tons per year; NITC, a subsidiary of NIOC, is responsible for the transportation of Iranian crude exports. Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD. View the current operators and vessels risk level via a free - trial The NITC owned 66 total oil tankers. Financial Data. The U.S. and British initiatives followed attacks on six foreign tankers between May and June outside the Strait of Hormuz in the Gulf of Oman. Iran was forced to relist ships under its own flag, which in turn led foreign companies to be less willing to accept deliveries. In June 2010, the U.N. Security Council adopted Resolution 1929, which tightened sanctions on foreign companies aiding Irans nuclear program. TEHRAN - Iranian Offshore Oil Company (IOOC), in collaboration with the National Iranian Tanker Company (NITC), has started implementing a project for injecting gas condensate into Soroush oil field in the Persian Gulf to maintain its production level. ? Naval Command in Bahrain said in a statement. 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. Iraq attacked Iranian ships in the northern Persian Gulf starting in 1981, but Iran did not respond with similar attacks for three years. [citation needed], In May 2018, when the Trump administration re-imposed sanctions against Iran after the US withdrawal from the JCPOA, China shifted its petroleum cargo to ships owned by the NITC to maintain or even increase its imports from Iran. During the same period, at least six other Iranian ships were tracked using similar tactics for covert deliveries to China. [2] It is the biggest tanker company in the Middle East. Between May and August 2019, at least six Iranian ships turned off their A.I.S. All of these companies have a registered address with the National Iranian Tanker Company (NITC), indicating they serve as fronts. NITC will operate 50 VLCCs at that time, up from 28 in 2010. 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). One tanker, Henna, was acquired by the Panama-registered Hectar Shipping. NITC serves Iran not only as a vehicle for. If mathematical, chemical, physical and other formulas are not displayed correctly on this page, please useFirefox or Safari, International rankings of Iran in Transport, South Pars/North Dome Gas-Condensate field, National Iranian Oil Refining and Distribution Company, DESA - Iran Heavy Diesel Manufacturing Company, Creative Commons Attribution-ShareAlike License. Between May 2 and September 10, 2019, at least a dozen Iranian oil tankers delivered crude oil to China, Syria, and Turkey. It targeted companies conducting business with Irans national oil company and tanker fleet, such as insurers and shippers. An International Maritime Organization treaty, overseen by the United Nations, requires all ships of 300 tons or more to turn on their A.I.S. [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. We are planning to list NITC first on local exchanges and then we will go for overseas listing to raise funds, said Sardashti, adding that it still needed to obtain board approval. In August 2019, with exports plummeting, Iran needed only 42 of its tankers to ship oil. We need approvals and then we start placing orders in 2016 it takes 2-3 years to take delivery of ships, Sardashti said. It also imposed sanctions on foreign banks conducting business with Iran. Chinese companies appeared more hesitant to do business with Iran for fear of financial penalties. 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. TEHRAN Hossein Shiva has been appointed as the new managing director of the National Iranian Tanker Company (NITC), the companys Public Relations Department announced. Entities affiliated with Designated / Sanctioned / Illicit entities. 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. The privatization was purportedly a fictional scheme to shield NITC from 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. 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. Current prices for a new VLCC is $93-$94 million, according to shipping broker Clarkson. NITC recently made an announcement that its navy currently has a total of 42 super-tanker vessels with VLCCs. London claimed it would coordinate with the United States Operation Sentinel campaign but launched its own initiative to include European countries that would not contribute to a U.S.-led force. 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. As of early 2020, the Qatirji Groups Zanganeh continued to work closely with the IRGC-QF to coordinate NIOCs provision of millions of barrels of oil and petroleum products to be shipped to Syria, as well as millions of dollars in payments back to Iran. WATCH: Joe Biden's Senior Moment of the Week (Vol. Many of these companies terminated contracts with the NITC after the Trump administration reinstated sanctions on Irans shipping industry in November 2018. If there is an art that we have perfected in Iran, and we can teach it to others for a price, it is the art of evading sanctions, Foreign Minister Mohammad Javad Zarif said, in December 2018, at the Doha Forum. It was not immediately clear which entities would provide insurance for those shipments worth $1.5 billion a month. 51 percent of the revenues came from Europe, 26 percent from Asia, 15 percent from Africa and 8 percent from other parts of the world, including Canada, Venezuela and Latin America. Foreign companies suspended contracts in Iranian oil and gas fields and deferred bidding on new investments. The imprisoned ship is registered to Chinas Puyin Financial Leasing Company Limited, which is based in Shanghai, according to Lloyds. TheSabitiwas reportedly60 miles from the Saudi port of Jeddah when it was hit. "China has long served as a lifeline for Iran, especially since the U.S. reimposed sanctions on the Iranian oil industry," Claire Jungman, chief of staff for United Against a Nuclear Iran, told the Free Beacon. hxwX0`{+ *DX"K/6DX`)R "Rb5)j5$Y|{y=9k 0"0000e]>!=#lwn*1 y b:@Uz$ah!)+b`ls4 =i> 80 xOlRwhggp"0)xF, 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. . China The Iranian government should immediately release the oil tanker," U.S. Its services include shipping refined petrochemicals, transporting crude oil, rescuing lives at large oceans and sea, training oil spill task forces, and training services; NITC is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. Gibraltar released the oil tanker on August 15, after Tehran provided written guarantees that the ship would not deliver oil to Syria. The cargo, disguised as non-Iranian, was then sold to buyers. [2] NITC has a capacity of 11 million tons per year. Aug. 1 The U.S. Congress passed The Iran Sanctions, Accountability, and Human Rights Act. 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. 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. Shipping sources estimate NITCs needs to replace over 20 tankers, including Very Large Crude Carriers (VLCC) capable of carrying 2 million barrels of oil, and Suezmax tankers capable of carrying 1 million barrels. 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. In September 2008,theUnited Statesannouncedsanctions onTehransshipping industry, which prompted Iran touse foreignfront companies tomaskownership of its tanker fleet. Irans sale of oil to Syria violated E.U. One ship, the 176,000-ton tanker Dena, was attacked by Iraq five separate times between 1984 and 1987.