The first oil shipment from Iran’s floating oil storage unit (FSU), Khalij-e-Fars has recently just been completed, according to the Iranian Offshore Oil Company (IOOC).
The transfer of oil from the FSU began on the morning of February 8th to the KAI-EI, a very large crude carrier (VLCC) owned by Japanese firm, Kyoei Tanker Company.
The Khalij-e-Fars is a converted VLCC has a capacity of 2.2 million barrels, is 337 meters long, 60 meters wide and has 21 storage tanks.
The 50,000 gross ton vessel was installed last year and will replace the Surena FSU which was previously Iran’s largest offshore oil terminal servicing the Soroush and Nowruz oil fields.
The IOOC says the vessel has an export capacity of 1 million barrels per day which will likely serve Japanese, Chinese and Indian customers.
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents.
Russia’s Arctic liquefied natural gas plant appears to have flared fuel last week, satellite images show, a move that could indicate the restart of a sanctioned export facility that has effectively been shuttered since last October.
The US said Russia and Ukraine have agreed to a ceasefire in the Black Sea and to work out mechanisms for implementing their ban on strikes against energy infrastructure.
March 25, 2025
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