The oilis mainly being stored aboard tankers belonging to its national carrier NITCand are anchored off
In the last three months, as many as 15 VLCC oil tankers have been put at anchor inIranian waters, according to AIS vessel tracking data. Each of the vessels iscapable of carrying at least 2-million barrels of oil.
The tanker broker EA Gibson says that the oil currently stored at sea off
The status are conflicted, however, as Broker Poten & Partners estimates 17 VLCCtankers are being used to store Iranian oil, while other reports have suggested more than 45-million barrels is being stored at sea aboard 23 tankers including a few vessels that were not part of NITC’s fleet.
Oil and gas analysts say that
"Thefirst thing they will try and do is offload quite a lot of that storage,” saysMehdi Varzi, a former official at the state-run National Iranian Oil Company.“Oil Minister Bijan Zanganeh has already warned OPEC: make room for us. Inother words, we are going to sell this oil at any price.”
"Floating storage is there to be put onto the market as soon as possible after some sortof agreement," said Varzi.
"It actually makes sense for them to go in fairly hard in order to reclaim marketshare and hope that high cost producers above them are inched outquicker," adds Samuel Ciszuk, senior adviser on security of supply to the Swedish Energy Agency.