Iran and Syria swap diesel for gasoline

Iran and Syria swap diesel for gasoline

Providing at least some short-term relief, the combined deliveries at the end of June aboard the two Iranian tankers amounted to around 100,000 tonnes, according to records provided by a shipper and satellite tracking data, Reuters reported.

A third vessel appeared to be on its way to Syria along the same route, but then dropped anchor off the coast of Port Said in Egypt, shiptracking data showed.

At current market prices, the two shipments are worth around $90 million in total.

Syria's need for gasoil makes it a perfect fit to swap with Iran, which produces plenty of diesel but has struggled for years to find sufficient supplies of gasoline, the fuel used in most civilian cars.

The second vessel was still berthed at the Syrian port of Banias on Tuesday, and expected to load a combined cargo of heavy and light crude oil from two Syrian oil terminals.

It was not clear who would purchase the cargo. Both Iranian and Syrian crude oil is subject to Western sanctions, and Iran itself is already facing a dramatic and potentially crippling cut in its own exports due to the embargo, which came into force on Sunday.

The last exchange of petroleum products between Syria and Iran took place at the end of March and into April, when the same vessels made the journey from Iran to Syria and back.

Active supply of Turkish cement to Italy amid pandemic recorded
Active supply of Turkish cement to Italy amid pandemic recorded
Turkmen Ministry of Construction to purchase equipment from Italian company
Turkmen Ministry of Construction to purchase equipment from Italian company
E3 says Iran sanctions relief to continue beyond Sep. 20
E3 says Iran sanctions relief to continue beyond Sep. 20
Loading Bars
Latest
Deaths from coronavirus in Iran exceed 24,000
Iranian President expresses concern over people ignoring health protocols
Turkmenistan increases imports of steel from Turkey
Iran Export Guarantee Fund`s support for exporters doubles
Kazakhstan's cargo transportation volumes decrease
Trial of social distancing rules on 2 Iranian airlines
Turkmenistan’s Exchange to be transformed into joint-stock company
Buy/sell operation at Iran Mercantile Exchange disclosed
Capital of banks in Iran announced
President Ilham Aliyev attends groundbreaking ceremony of Absheron field offshore operations
Prices of Azerbaijani oil fluctuate
IMF talks Georgia's investment potential
Defense Minister: Azerbaijan Army ready to suppress any provocations of Armenia, undertake strong retaliatory actions
SOCAR applying digital road map for using high technologies
Uzbek Agroindustry and Food Security Agency to buy laboratory equipment via tender
Production of several products in Iran climbs
Weekly review of Azerbaijan's precious metals market
SOCAR gives sneak peek of its new dev’t strategy
Weekly review of Azerbaijani currency market
Georgian Tbilisi to be host city for 2021 ADB’s 54th Annual Meeting
Azerbaijani FM receives head of International Committee of Red Cross Delegation (PHOTO)
IMF, Turkmenistan review indicators for country's state budget
Minister: Georgia shows signs of economic recovery
Active supply of Turkish cement to Italy amid pandemic recorded
Uzbekistan to include goods and services in Unified Electronic Catalog
Kazakhstan's oil & gas company opens tender to buy filter blocks
Azerbaijani Central Bank unveils number of borrowers with restructured loans
Georgia sees increase in COVID-19 cases
Production started at Uzbek gas condensate field
Japan, Uzbekistan to increase tourist flow between countries
Turkmen Ministry of Construction to purchase equipment from Italian company
Kazakhstan, Russia agree to resume mutual flights
Turkmenistan, Ukraine discuss trade, economic cooperation
Iranian currency rates for September 19
Number of coronavirus cases in Uzbekistan pass 50,000
Armenia violates ceasefire with Azerbaijan 36 times
Australia COVID-19 hotspot records fewest cases since June
Turkey summons Greek envoy over expletive headline against Erdoğan
E3 says Iran sanctions relief to continue beyond Sep. 20
Georgia sends armored medical evacuation vehicles to Indonesia
65 new COVID-19 infections reported in Kazakhstan over past day
UN, Kazakhstan intend substantially contribute to environmental resilience (INTERVIEW)
Japan's new PM Suga to meet with Pompeo in October
Chinese mainland reports 14 new imported COVID-19 cases
Brazil's COVID-19 death toll tops 135,000
French finance minister tests positive for COVID-19
Trump says he sees no reason to delay TikTok decision
Eleven more coronavirus patients die in Moscow in past day
Qatar reports 224 new COVID-19 cases, 122,917 in total
Kazakhstan's crude oil exports to India surge in 1H2020
Georgia to acquire 135 000 doses of flu vaccines in October
Istanbul introduces alternate working hours for public servants amid COVID-19 pandemic
Kazakhstan launches programming learning platform
UK PM Johnson says second wave of virus inevitable, new restrictions possible
Israel's daily new COVID-19 death cases hit record high
Iran, Russia stress promoting scientific, technological coop.
Kazakh company looking to establish medical cannabis production
Azerbaijan’s Baku to hold World Cups in three gymnastic disciplines in 2021
Georgia increases export of apples
Data on cargo movement from Albania via Turkish ports revealed
Deputy PM: 'Contract of the Century' - special among grandiose events in Azerbaijan's history
Minister: Azerbaijan - integral part of global energy security system
Spanish capital region orders partial lockdown in some COVID-hit areas
COVID-19 kills 144 more Iranians over past 24 hours
Representatives of Azerbaijani Karabakh community meet with ambassadors of several countries
Azerbaijan on Kazakhstan's list of 'safe' countries in terms of COVID-19 threat
Data on industrial production of Uzbekistan for January through August 2020
Net profit of Georgian insurance companies increases
Azerbaijan preparing proposals to develop hazelnut growth
Central Bank of Azerbaijan announces slow post-COVID economic recovery
Azerbaijan’s mining, IT companies sign tender contract
Georgian finance minister elected chairman of ADB board of governors
Baku Stock Exchange includes AzerGold's bonds in listing
Baku holds video conference entitled "Heritage of Caucasian Albania" (VIDEO)
Clients of Azerbaijan's bankrupt Standard Insurance receive compensations
Georgia continues projects of Winter resort in Gudauri
Turkish cement in great demand in Turkmenistan’s construction markets
Azerbaijani MP: Armenia's draft law on so-called "genocide" aims to deceive world community
Azerbaijani oil prices continue to grow
ENKA Renewables: Namakhvani HPP Cascade project to have substantial impact on property tax
BMB Trade Group develops project for livestock complex in Uzbekistan
U.S. current account deficit surges 52.9% in second quarter
Companies reserving capacity in IGB disclosed
Gold, silver prices in Azerbaijan rebound
Requirements to oil&gas service companies to be revised in Kazakhstan
Turkmenistan working to improve transport, customs systems
Firefighter dies in California wildfire - U.S. Forest Service
IGB to start commercial operations by July 2021
Germany to send observers for Georgia’s parliamentary elections
Iran expected to launch neobanks by 2021
S.Korean, Azerbaijani officials discuss healthcare co-op
Number of gas consumers increased in Turkmenistan’s Lebap region
Rami Levy said mulling withdrawal from Delek Israel deal
Azerbaijani economy ministry: Digitalization - important component of economic dev't
Azerbaijan confirms 135 more COVID-19 recoveries
Baku International Energy Charter Forum to be held online
Azerbaijan's oil pumping through BTC pipeline shrinks
International tourism restrictions to be canceled in Uzbekistan
Azerbaijani president congratulates president of Nepal
Sulfur production increases in Kazakhstan in Aug, 2020
All news