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28.04.26 - 13:15
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Iran Already Scrambling For Oil Storage After Two Weeks Of US Blockade (ZeroHedge)
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Iran Already Scrambling For Oil Storage After Two Weeks Of US Blockade
Trump's blockade is having a predictable effect on Iran's economy and oil industry, with reports that the regime is scrambling to repurpose old and rusty tankers as floating storage. Kharg Island is hitting capacity and the results could lead to disaster for Iran's oil wells.
The regime is reportedly moving to expand crude storage at the island, where around 90% of their energy exports are processed, by reactivating a 30-year-old crude carrier called M/T Nasha. It's a bad sign for Iran, indicating that the country's main oil hub is nearing its onshore storage limit. Maritime analysts say the vessel, which had been anchored empty for years, is being repositioned as floating storage to absorb crude that still has to move out of the system.
To prepare for the possibility of running out of oil storage space at Kharg Island, Iran has brought NASHA (9079107) out of retirement. She's a 30yo VLCC that's been anchor...
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