According to ship-tracking and the European Union data compiled by Bloomberg. arrivals on supertankers will reach 622.581 barrels a day in January. the biggest flows for a single month since at least November 2011.
Two Iranian supertankers. Huge and Snow. are en route. bringing about 4 million barrels between them.
It shows that Iran is reclaiming its previous share in the global oil market after anti-Tehran sanctions halted all deliveries back in 2012.
The sanctions were removed after Tehran and the Group 5+1 (Russia. China. the US. Britain. France. and Germany) on July 14. 2015. finalized a lasting nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) and implemented it on January 16. 2016.
Tags Europe European Union (EU) International International News Agency International Organizations JCPOA Market Oil Market Sanctions
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