The United States has begun importing fuel oil of Iraqi origin shipped through Syria for the first time, according to shipping data and two sources familiar with the operations, as Iraq expands a Mediterranean export route established after…
The United States has begun importing fuel oil of Iraqi origin shipped through Syria for the first time, according to shipping data and two sources familiar with the operations, as Iraq expands a Mediterranean export route established after disruptions to Gulf trade routes earlier this year.
The alternative route is a further example of shippers seeking ways to move supplies around the world that circumnavigate the Strait of Hormuz, which has been effectively closed for several months, hindering Gulf oil exports as the Iran war rages on.
Three Aframax tankers loaded the fuel oil at Syria's Mediterranean port of Baniyas between June and July for delivery to the U.S. Gulf Coast, according to Kpler shipping data, which sources with direct knowledge of the operations at the Syrian terminal said was of Iraqi origin.
The first tanker, On Passion, departed Baniyas on June 17 with about 716,600 barrels of fuel oil. Around 487,600 barrels were discharged in the Bahamas in mid-July, while the remainder is scheduled to unload in Texas later this month, according to Kpler.
The Nissos Christina loaded about 288,500 barrels at Baniyas and departed by July 8, due to discharge at the U.S. Gulf Coast in early August,
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