Panarmenian.net, 23 Aug 2012Iran has started moving nearly two million barrels of fuel oil to Singapore in the first such shipment since June, Reuters reported citing an Iran-based port source.
Asia's top marine fuel trading hub secured exemption from U.S. financial sanctions on Iran late in June, after authorities leaned on oil companies operating in the city state to cut dealings with Iran.
Although Singapore had been left off the first list of nations exempted from U.S. sanctions, it secured the reprieve after showing a significant dip in oil imports from Tehran. Full story
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Iran ships up to 2 million barrels of fuel oil bound for Singapore - Tehran Times
