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Iran finally ships the last load of Heavy Oil stored in Persian Gulf

Mon, Sep 1, 2008

Heavy Oil Market News

Iran is finally shipping the last load of heavy oil stored in Persian Gulf to the Suez Canal for delivery to buyers, as reported by an oil ministry official.

An official was quoted as saying:

Most of it (crude) is gone. In Khark Island, we have no oil left. The last of it is in a ship, 600,000 barrels of Forouzan (crude). We sent it to the Suez Canal to deliver to our customers. Some lift it from there.

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