Iran tankers with 3M barrels of crude oil head to Syria, defying US sanctions -“We Never Stopped shipping oil”

Four vessels are on their way to Baniyas oil refinery, near the Mediterranean coast

Energy News Beat Publishers Note (ENB): We have been covering for the last year that Iran has never stopped shipping oil because of the countries requirement of cash flow caused by sanctions. They admit to Fox News that they have “Never stopped” shipping outside OPEC and OPEC + production quotas.   

Millions of crude oil barrels are on their way to Syria from Iran, violating U.S. sanctions.

According to a civilian naval intelligence firm, there are four vessels with more than 3 million barrels combined on their way to the Baniyas oil refinery, near the Mediterranean coast.

A satellite photo captured two days ago over the southern section of the Red Sea shows four vessels: Arman 114, Sam 121, Daran and Romina.

Marine Traffic -energynewsbeat.com

The Arman 114 is formerly known as the Adrian Darya 1, a vessel in the center of the U.S.-Iran standoff in the summer of 2019. It was sanctioned by the Trump administration in August 2019, following its attempts to transfer the oil to Syria.

Syria has been struggling with an oil shortage, relying primarily on Iranian help. However, with the burdening sanctions on the two countries, the shortage has turned into a crisis, causing power outages and rationing petrol.

Once the vessels arrive, analysts believe they will supply Syria with enough oil for three weeks.

“Currently, one of four Iranian tankers has traversed the Suez Canal carrying crude oil for Syria’s refinery in Baniyas,” Samir Madani, co-founder of Tanker Trackers, told Fox News. The Romina has switched off its AIS, a familiar move by the Iranian tankers to avoid tracking.

“Only the first 900,000 barrels are now in the Mediterranean and could reach Syria by Wednesday at the soonest. The recent delays in the Suez Canal due to the EVER GIVEN as well as today’s mishap have exacerbated the crisis for a population of 17 million,” Madani said.

Saeed Khatibzadeh, the spokesman of the Iranian foreign ministry, told reporters in his weekly press briefing on April 5 that Iran has already been able to sell crude oil in defiance of the sanctions. “As for taking back Iran’s share in the oil market, we have never waited, and you can see it in the official and unofficial statistics,” he said.

Iranian Press TV reported on Monday, according to an unnamed source, that Iran will agree to return to commitments under the nuclear deal only if the U.S. removes all sanctions imposed against it.

“Iran will start its measures to return to JCPOA commitments only after the removal of all US sanctions and verifying it,” the report said.

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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.