Indonesia released on Friday an Iranian-flagged vessel it had seized four months ago over suspected illegal transfer of crude oil, the state-run Islamic Republic News Agency reported.
MT Horse “was released after 125 days…and will return to Iranian waters after completing its mission,” IRNA reported, citing a National Iranian Oil Co. statement, without providing further details.
In late January, Indonesian authorities apprehended MT Horse and the Panamanian-flagged MT Freya for carrying out a ship-to-ship transfer of oil, shutting off identification systems and spilling oil, according to Indonesia’s Maritime Security Agency. Iran had blamed “technical issues” for the seizure of the tanker.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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