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(Reuters) Humeyra Pamuk and Emma Farge - Iran is becoming increasingly creative in dodging Western sanctions, managing to sell a rising volume of fuel oil to generate revenue equal to up to a third of its crude exports. "The National Iranian Oil Company has been very successful in finding new strategies to circumvent sanctions and sold its fuel oil to Asia in August and September. Now we think Middle Eastern buyers of Iranian fuel oil have reappeared," said Salar Moradi, oil analyst at FACTS Global Energy. 2012-12-20 00:00:00Full Article
Iran Sidesteps Sanctions to Export its Fuel Oil
(Reuters) Humeyra Pamuk and Emma Farge - Iran is becoming increasingly creative in dodging Western sanctions, managing to sell a rising volume of fuel oil to generate revenue equal to up to a third of its crude exports. "The National Iranian Oil Company has been very successful in finding new strategies to circumvent sanctions and sold its fuel oil to Asia in August and September. Now we think Middle Eastern buyers of Iranian fuel oil have reappeared," said Salar Moradi, oil analyst at FACTS Global Energy. 2012-12-20 00:00:00Full Article
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