Middle-east Arab News Opinion | Asharq Al-awsat

Iran releases Indian oil tanker detained in August - ASHARQ AL-AWSAT English Archive
Select Page

Iranian Revolutionary Guards drive a speedboat in front of an oil tanker at the port of Bandar Abbas on July 2, 2012. (Atta Kenare/AFP/File)

Iranian Revolutionary Guards drive a speedboat in front of an oil tanker at the port of Bandar Abbas on July 2, 2012. (Atta Kenare/AFP/File)

New Dehli, Reuters—Iran has released an Indian crude oil tanker that was detained last month over pollution concerns, an Indian shipping official said on Saturday, ending a dispute between the countries that have historically had strong trade ties.

The tanker, Desh Shanti, carrying 140,000 tonnes of Iraqi crude, sailed on Friday night India time, said Captain Sunil Thapar, the director of bulk carriers and tankers at state-run Shipping Corp of India.

“She sailed last night at 2354 hours after being finally released from detention,” Thapar told Reuters, declining to say if any pollution damage claims were made.

The tanker is owned by the SCI and was carrying crude oil for Hindustan Petroleum Corp Ltd.

Iraq was India’s biggest supplier of crude in June, pipping Saudi Arabia for the top slot with exports of 606,000 barrels per day. Exports from Iran, which used to be India’s second-biggest supplier, have dwindled because of Western sanctions.

India, Asia’s third-largest economy, relies on imports for 80 percent of its crude consumption, and over 60 percent of its supplies come from Gulf countries.

Tensions between Iran and Iraq have always been high, spilling into outright war during the 1980s, but they are now focused on the battle for market share as Iran struggles with the impact of Western sanctions on its sales.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube