Info:
Iraqi Oil Tanker Company (IOTC) is the state owned Iraqi company specializing in the ocean transport of crude oil and refined products;
Weir group directly cooperating with Iranian oil minister and NIOC – National Iranian Oil Company, as well as private Iraqi and Iranian firms, which are all financed by the Iraqi central bank and the Iranian Central Bank (CBI). Weir group, provides professional assistance and support as well as unique brokerage services which provides the end client to purchase the disguised Iranian oil via Basra. Iraqi oil ministry which is also engaged with Weir group, had instructed to use oil from various locations in Iraq and conduct oil blending operations on behalf of Iran in order to bypass US sanctions. Iraqi oil services companies operating in Basra such as the Iraqi National Oil Company and Iraqi Oil Tanker Company both are cooperating with Weir group to support this activity;
VLCC crude oil tanker – NAJAF (9197909) is taking a major role in supporting Iran oil mixing of 2/3 “Iran light” with 1/3 “Basra heavy” which assist Iranian global oil smuggle. Najaf has been anchoring at the same spot, off Basra oil terminal for the last 8 months as a “floating mixer”, allowing it to offload crude from several tankers – Iraqi heavy crude is delivered by small tankers of approximately 13K tons, while the Iranian light crude is being delivered by larger tankers of approximately 45K tons. Following the delivery, the Mix is completed on board NAJAF and then uploaded STS to Suezmax tankers on the way to worldwide destinations.
As of 12 August NAJAF, offloaded Iranian and Iraqi Basra heavy crude from the following tankers:
ALFORAT (9435428) – 13K tones – Basra heavy, owner: Iraqi Oil Tankers Co. (Iraq)
DIJLAH (9424285) – 13K tones – Basra heavy, owner: Iraqi Oil Tankers Co. (Iraq)
SHATT AL ARAB (9322140) – 13K tones – Iraqi Basra heavy, owner: Iraqi Oil Tankers Co. (Iraq)
As of 18 August, the following tankers offloaded oil into the NAJAF (9197909):
BAGHDAD (9345221) – 13k tones – Basra heavy (2 offloads), owner: Iraqi Oil Tankers Co. (Iraq)
ALFORAT (9435428) – 13K tones Basra heavy, owner: Iraqi Oil Tankers Co. (Iraq)
DIJLAH (9424285) – 13K tones – Basra heavy, owner: Iraqi Oil Tankers Co. (Iraq)
SHATT AL ARAB (9322140) – 13K tones – Basra heavy, owner: Iraqi Oil Tankers Co. (Iraq)
State-owned Iraqi Oil Tankers Company (IOTC) and the shipping company Arab Maritime Petroleum Transport Company – owned by Arab states including Saudi Arabia, the United Arab Emirates and Kuwait – are joint shareholders in AISSOT. AISSOT is involved in smuggling Iranian oil to Asia for illicit cash payments;
Industry:
Shipping Industry
Also Known As:
IOTC
Established:
1972
Country:
Iraq
Address:
Basra
Website:
www.iotc.oil.gov.iq
www.iotciraq.com
E-mail:
info@iotciraq.com
Reason for the color:
» Greece is mixing Europe in illicit oil transaction with sanctioned Iranian regime;
» Weir group (Germany) supports Basra port management (Iraq) to aid Tehran export oil and bypass US sanctions;