The NITC expanded its operations to keep up with Irans increasing oil exports. The system was designed to avoid collisions and aid in search-and-rescue operations. The National Iranian Tanker Company (NITC, Persian: , Shirkat-e Mili-ye Nuftekshi-ye Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. endstream endobj 127 0 obj <>stream Britain, France and Germany moved to salvage the accord. Since 1995, Iran has faced three periods of sanctions on its petroleum industry: First round: In 1995, the United States banned all American involvement with petroleum development in Iran. This company knowingly transported Iranian petroleum-based products several times, using its tanker fleet. [2] It is the biggest tanker company in the Middle East. It banned Tehran from testing missiles capable of carrying nuclear warheads and imposed an embargo on the transfer of major weapons systems to Iran. Aug. 5 - The U.S. Congress passed the Iran-Libya Sanctions Act to deter foreign investment in Irans energy sector. We need approvals and then we start placing orders in 2016 it takes 2-3 years to take delivery of ships, Sardashti said. countries imported 20 percent of Irans oil. The National Iranian Oil Company (NIOC) had to offer greater incentives to negotiate contracts for supplies formerly sold to U.S. companies. Visits Total: 19989509 | Last Month: 514882, IFMAT | Iran , Iranian Regime Frauds, Manipulations, Atrocities Human Rights Violations, Threats and Terror. [citation needed]. TEHRAN Hossein Shiva has been appointed as the new managing director of the National Iranian Tanker Company (NITC), the companys Public Relations Department announced. The National Iranian Tanker Company (NITC) began operations with one 35,000-ton tanker. When Washington blocked one route Iran used to export oil, Tehran found another. S>| The United States militarywhich is a frequent target of IRGC harassment and confrontation in the Persian Gulf regionis reportedly monitoring the situation via its fifth fleet. endstream endobj startxref U.S. Sanctions Irans IRGC for Hostage-Taking, Timeline: Assassinations of Iranian Clerics, U.S., British & E.U. TEHRAN Hossein Shiva, who was appointed as the new head of the National Iranian Tanker Company (NITC) recently, has outlined the major programs, goals, and priorities of the company during his tenure. sanctions against the Assad regime and U.S. sanctions on Irans oil industry. @` Financial Data. Weitere. ", The incident could indicate that Chinas recently brokered peace deal between Iran and Saudi Arabia may not be as strong as some observers believe. It is the biggest tanker company in the Middle East; The company transports Iranian crude to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, Total SA, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi. Aug. 1 The U.S. Congress passed The Iran Sanctions, Accountability, and Human Rights Act. TEHRAN- Irans Oil Minister Javad Oji praised the performance of National Iranian Tanker Company (NITC) Head Hossein Shiva in the cabinet meeting on Wednesday, Irans Maritime News Agency (MANA) published on Friday. The Millionaire was owned by the NITC but was flagged to Tanzania. Before sanctions, Tehran leased idle vessels to major oil companies. Update now. An Iranian official said that Tehran was looking at all options, which included finding new ships in Vietnam and Greece. [2] It is the biggest tanker company in the Middle East. E.U. Nasrollah Sardashti, the commercial director of the National Iranian Tanker Company (NITC), said his company was in talks with all leading insurance and classification firms, including Lloyds, DNV GL and Bureau Veritas. The State Department declined to immediately comment on the situation Thursday, instead directing questions to the Pentagon. The war made it difficult for Iran to transport oil cheaply because of increased insurance rates on Iranian cargo. We identify risk of entities by COLOR selection, each color marks the risk level of the entity. Send . If mathematical, chemical, physical and other formulas are not displayed correctly on this page, please useFirefox or Safari, International rankings of Iran in Transport, South Pars/North Dome Gas-Condensate field, National Iranian Oil Refining and Distribution Company, DESA - Iran Heavy Diesel Manufacturing Company, Creative Commons Attribution-ShareAlike License. Panamanian corporate documents reveal that these firms are all run by Iranians with addresses in Tehran. Irans single largest source of revenue is from oil exports; by mid-2019, 70 percent of its income was from petroleum products. The National Iranian Tanker Company (NITC, Persian: , Shirkat-e Mili-ye Nuftekshi-ye Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. withdrawal date. June 9 The U.N. Security Council adopted Resolution 1929 which tightened proliferation-related sanctions on Iran. At the time, it was one of the largest oil refineries in the world and significantly increased Iranian crude oil production. British authorities claimed the ship was attempting to smuggle oil to Syria in violation of E.U. Iran programmed the tankers GPS system to send incorrect satellite signals that confused global tracking systems. (by declining order), Designated / Sanctioned / Illicit entities. [1] Operation Sentinel will escort flagged vessels of participating nations in coordination with European, Asian and Middle Eastern allies. TehranusedaMaltesefront company to disguise theTours ownership and hide its connection to the Iranian government. But. Irans total shipping capacity increased from 61.5 million barrels to 85.5 million barrels. The tanker was anchored off the coast of Bandar Abbas and served as a storage facility for hundreds of thousands of barrels of Iranian crude in the Persian Gulf. Formerly also known as DAN, JUSTICE, DADGAR. Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations. It also allows local maritime authorities to monitor traffic around their border using on-shore receivers. The National Iranian Tanker Company (NITC) transports Iranian crude exports on behalf of the National Iranian Oil Company. All of these companies have a registered address with the National Iranian Tanker Company (NITC), indicating they serve as fronts. One ship, the 176,000-ton tanker Dena, was attacked by Iraq five separate times between 1984 and 1987. Get the latest online operator and fleet vessel safety risk warnings with easy to use red, amber and green safety warning. By 2019, Iran had 54 tankers, including 38 very large crude carriers, or VLCCs, and eight Suezmaxes, according to Lloyds List Intelligence. The country emerged from years of economic isolation last weekend after crippling sanctions were lifted in return for Tehran complying with steps to curb its nuclear ambitions. BlackList is a list of all companies, organizations and figures who originate from Iran. . Iran stated its intent to continue with the deal if its economic benefits could be guaranteed. An International Maritime Organization treaty, overseen by the United Nations, requires all ships of 300 tons or more to turn on their A.I.S. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. There is not a single company in the world to own so many VLCCs, commented Nasrollah Sardashti, commercial director for NITC. Munro Anderson, a partner at the maritime security company Dryad, said Iran usually detains vessels for "leverage or signaling. TEHRAN - Iranian Offshore Oil Company (IOOC), in collaboration with the National Iranian Tanker Company (NITC), has started implementing a project for injecting gas condensate into Soroush oil field in the Persian Gulf to maintain its production level. . [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. "Irans continued harassment of vessels and interference with navigational rights in regional waters are a threat to maritime security and the global economy.". As at 2012, NITC with 40 tankers of 100,000 to 300,000 tons, does not have the long-distance capacity for more than 2 million barrels (300,000 tons) a day in exports. The ship then headed for Iskenderun, Turkey, but it went dark off the coast of Syria. NITC Has Biggest Supertanker Fleet In The World. Irans Islamic Revolutionary Guards Corps (IRGC), the countrys paramilitary fighting force that routinely harasses American ships in the region, intercepted the China-owned oil tanker as it made its way through the gulf en route to Houston, Texas, according to Lloyds List, a London-based shipping journal. As a result, Tehran increasingly relied on its national fleet. The #AdrianDarya1 is still fully laden and sitting in the anchorage of Baniyas. The contracts were either for single voyages or time-charter agreements, which permit companies to charter ships for a set period of time. These states maintain an open registry, which allows ship owners to register vessels without ties to the country. It was also the first well in the Middle East. TEHRAN An oil vessel belonging to the National Iranian Tanker Company (NITC) has saved the crew of a cargo ship damaged in the Persian Gulf waters, IRNA reported. But Western officials claimed that the company was still tied to the regime. , Iran also is suspected to be responsible for drone strikes and other attacks on vessels traversing through the Strait of Hormuz, a critical shipping route. The United States granted temporary six-month waivers to a few countriesChina, India, South Korea, Turkey, Taiwan, Malaysia, South Africa, Singapore and Sri Lankathat had long depended on Iranian energy. International sanctions were lifted in 2016, six months after a nuclear deal with the worlds six major powers limited Irans nuclear program. Saheb Sadeghi, the NITC head of public relations, said that the missiles were possibly fired from Saudi territory. hxwX0`{+ *DX"K/6DX`)R "Rb5)j5$Y|{y=9k 0"0000e]>!=#lwn*1 y b:@Uz$ah!)+b`ls4 =i> 80 xOlRwhggp"0)xF, The NITC had a total fleet of four tankers. TEHRAN The Head of National Iranian Tanker Company (NITC) said that free trade is Irans right and no power can intervene in the country's exports and imports, IRNA reported on Tuesday. In the early 1970s, it became the 19th largest oil company in the world, comparable to other medium-sized companiesItalys ENI or private U.S. companies such as the Atlantic Richfield Company and Occidental. IvgDY,m>,vHeYe:2C,A* {6z3=Lt L15eS-umePE 1xa7PmC*'w]\t%YF'=@Ko~wQe+#9^ ]N'H/+?v{CQiGeDS()4seR~+w^M[-hy\]xeM:/tHfY8%N}WVRrdIDXq6"1yFYZ]6.1G&Jc`x=ERK{OtHoN-3: Each ship was assigned a unique IMO code, which made it possible for maritime intelligence companies to track the ships despite their name changes. Iran also changed the names of its tankers to confuse global ship-monitoring systems. Foreign companies suspended contracts in Iranian oil and gas fields and deferred bidding on new investments. Second round: In 2010, during the Obama administration, U.S. Congress passed the Comprehensive Iran Sanctions, Accountability, and Divestment Act, which targeted firms investing in Irans energy sector or selling refined petroleum to Tehran. On August 5, Britain formally said it would join the United States in a new international maritime security mission to protect shipping in the Persian Gulf. NITC's fleet will now include 26 VLCCs, nine Suezmaxes andfive Aframaxes. , a tanker owned by the National Iranian Tanker Company, Saheb Sadeghi, the NITC head of public relations, said that the missiles were possibly fired from Saudi territory. 141 0 obj <>/Filter/FlateDecode/ID[<07C23D6E0868A828C100C5491906D705>]/Index[123 40]/Info 122 0 R/Length 93/Prev 415847/Root 124 0 R/Size 163/Type/XRef/W[1 2 1]>>stream 51 percent of the revenues came from Europe, 26 percent from Asia, 15 percent from Africa and 8 percent from other parts of the world, including Canada, Venezuela and Latin America. Smuggling in Persia goes back to ancient times, but the Islamic Republic has become increasingly adept at illicit trafficking in oil since the United States re-imposed economic sanctions in November 2018. BothChinaandRussiasaid they intended to observe the JCPOA and continue to trade with Iran. Jan. 16 The 2015 nuclear deal went into its implementation phase. Comprehensive company profiles. National Iranian Tanker Company operates as an independent shipping company in Iran. During the conflict, Iraq attacked tankers ferrying Iranian oil, mainly at the northern end of the Gulf. "Irans actions are contrary to international law and disruptive to regional security and stability. The waivers were lifted in May 2019, when the United States launched its maximum pressure campaign to cut Irans oil exports down to zero. Linesand the Belgium-based Euronav NVhave all confirmed having fewer tankers at their disposal. If Iran is willing to risk confrontation with Beijing, it also may not hesitate to restart conflict with Riyadh. Find out more. Valuable research and technology reports. As of January 2011, NITC has 46 tankers with an annual capacity of 10.6 million tons to be increase to 12.5 million tons by the end of the year.
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