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Detention of Iranian tanker by Britain affects oil sale

Oil&Gas Materials 16 July 2019 13:46 (UTC +04:00)

Tehran, Iran, July 16

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The seizure of Iranian oil tanker by Britain in international waters was politically motivated and its detention affects Iran oil sales, said former head of international affairs at National Iranian Oil Company (NIOC) .

"The daily costs of demurrage and detention of the Iranian oil tanker are significant, while the delay in oil delivery can lead to calls for compensation from buyers," said Mohsen Ghamsari, Trend reports citing Tasnim.

"It should be noted that after re-imposing the US sanction against crude oil sale, many destination countries are planning to ban it as well," he said referring to economic effects of the incident.

"Any country buying oil from Iran will face political and economic issues; however, Iran does not reveal the names of its customers or destinations of oil tankers, to continue the oil sale," he added.

"It also should be noted that UK is facing political meltdown and its power in the EU is fading. As for the seizure of the Iranian tanker, it might have not been in the will of the British, but they choose to follow the Americans for the sake of political gain," he said.

The British military detained the Iranian oil tanker off the coast of Gibraltar. Britain claimed it suspected the tanker was heading to Syria in violation of European Union sanctions.

"The seizure was not based on economic sanction. It mostly was politically motivated and, thus, should be analyzed from this point of view," Ghamsari noted.

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