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Oil Official Rejects Media Report about Sea Storage of Iranian Crude.

Summary: TEHRAN (FNA)- A senior Iranian oil official categorically denied a media report claiming that Iran is storing oil at sea, stressing that the country has no stored crude oil on board tankers off its coasts.

"We have no oil restored at sea," Managing-Director of the Iranian Oil Terminals Company (IOTC) Seyed Pirooz Moussavi told FNA on Wednesday.

He said that oil tankers off the coasts of Iran's Southern Khark island are waiting for crude cargos to leave the island for their destination immediately.

Moussavi said Iran's oil exports have never come to a halt and the country has always been able to supply its customers' demands for crude oil.

The remarks by Moussavi came after Bloomberg claimed that Iran storing crude oil on board tankers off its coast, citing a report by IHS Fairplay, a maritime researcher that collates data on vessel movements.

There are 11 tankers anchored for 28 days or more with cargoes, Richard Hurley, a senior maritime data specialist at Redhill, England-based IHS Fairplay, said.

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Publication:FARS News Agency
Geographic Code:7IRAN
Date:May 1, 2013
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