(Reuters) Christopher Johnson and Peg Mackey - Iran is concealing the destination of its oil sales by disabling tracking systems aboard its tanker fleet, making it difficult to assess how much crude Tehran is exporting. Most of Iran's 39-strong fleet of tankers is now "off-radar" after Tehran ordered captains in the National Iranian Tanker Co. (NITC) to switch off the black box transponders used to monitor vessel movements. In addition, Iran may have countered a reported reduction in its oil sales in March by offering big discounts in the form of free freight, finance and insurance and generous credit terms, sources said.
2012-04-17 00:00:00Full ArticleBACK Visit the Daily Alert Archive