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Iran’s Sales of Fuel Oil to Vessels in Gulf Tops 800,000 Tons

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Nov. 4 (Bloomberg) -- Iran sold more than 800,000 tons of fuel oil and 50,000 tons of gasoil to vessels navigating in the Persian Gulf in the first half of the Iranian year started March 20, Fars reported, citing an energy official.

National Iranian Oil Products Distribution Co. sold on average 4 to 6 million liters of fuel oil per day, Managing Director Jalil Salari was cited as saying in the state-run news agency’s report.

The quality of Iran’s fuel oil and its strategic position can help ensure NIOPDC’s success in bunkering, said Salari who did not elaborate on the company’s revenue from this activity. The company is engaged in bunkering activity in the Persian Gulf and the Oman Sea, the report said.

Iran, which is under Western-led financial and energy sanctions over its nuclear program, is one of the main producers in the Organization of Petroleum Exporting Countries.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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