Tuesday, February 7th | 16 Shevat 5783

July 5, 2012 9:16 am

Sanctions Force Iran to Store Oil on Floating Tankers at Sea

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Iranian tanker. Photo: wiki commons.

NY Times – The hulking tanker Neptune was floating aimlessly this week in the warm waters of the Persian Gulf, a fresh coat of black paint barely concealing its true identity as an Iranian ship loaded with hundreds of thousands of barrels of oil that no one is willing to buy.

The ship’s real name was Iran Astaneh, and it was part of a fleet of about 65 Iranian tankers serving as floating storage facilities for Iranian oil, each one given a nautical makeover to conceal its origin and make a buyer easier to find. The Neptune had been floating there for a month, and local fishermen said there were two even larger tankers anchored nearby.

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