India’s Oil Demand Drives CMB Tech Fleet Diversification
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
DUBAI, April 24 (Reuters) – Iran’s elite Revolutionary Guards have seized a foreign vessel in the Gulf for smuggling 200,000 litres of fuel, a senior Guards commander told the semi-official Fars news agency on Sunday.
“The ship was seized in the northern part of the Persian Gulf. Its eight crew have been handed over to legal authorities in the southern port city of Bushehr,” Gholamhossein Hosseini told Fars, without elaborating on the nationalities of the crew members.
Iran, which has some of the world’s cheapest fuel prices due to heavy subsidies and the plunge in value of its national currency, has been fighting rampant fuel smuggling by land to neighbouring countries and by sea to Gulf Arab states.
The Guards have detained several ships in the past weeks for smuggling fuel in the Gulf.
Read Also: U.S. Navy Accuses Iran Revolutionary Guards of Harassing USCG Ships in Gulf
Reporting by Dubai Newsroom Writing by Parisa HafeziEditing by Mark Heinrich
(c) Copyright Thomson Reuters 2022
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