Chile to Receive 1st Iranian Oil Cargo in 16 Years

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(Kallanish Energy, 11.Jun.2018) — As refineries and traders await clarity on whether they will be able to make reductions in their crude purchases from Iran or be forced to stop buying from the OPEC producer, Chile has imported its first Iranian oil cargo in at least 16 years.

Shipping data last Friday showed the Portugal-flagged oil tanker Monte Toledo sailing through the Oman Gulf towards the Pacific port of San Vicente, in Chile.

The Suezmax-class tanker, with capacity to carry 1 million barrels of oil, left Iran’s Khark port on June 2, and is expected to arrive on July 11, Kallanish Energy reports.

The revival of trade between Iran and Chile may pave the way for future shipments, as the Persian nation is expected to face sanctions whioch would dent its exports to European refineries.

Enap, the Chilean state oil company, owns a refinery at the San Vicente terminal. The company didn’t respond to Kallanish Energy’s request for comment on whether it plans to continue purchasing Iranian crude despite U.S. sanctions.

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