Gulf of Guinea emerges as latest shadow tanker fleet hotspot for Iranian, Venezuelan activity
S&P Global
"For Iranian crude oil, West Africa makes an unlikely transshipment hub for supplies mostly directed to markets in Asia, said Claire Jungman, Chief of Staff a UANI, who suspected transponder manipulation as the most likely explanation for recent activity.
According to UANI estimates, Iran shipped some 1.7 million barrels per day of oil in September, of which around 94% was delivered to China. The latest Platts OPEC+ survey put Iranian crude production up 7% year-on-year in September, creating added pressure to protect its logistics network from secondary US sanctions."
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Eye on Iran is a news summary from United Against Nuclear Iran (UANI), a section 501(c)(3) organization. Eye on Iran is available to subscribers on a daily basis or weekly basis.