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Sanction Arbitrage in Action: Iranian ship registered in Bolivia carrying Syrian crude sold to China

Wed, 04 Apr 2012 08:38:49 GMT

via Vesseltracker.com, An Iranian tanker carrying Syrian crude oil is being held in Egyptian waters because it has not paid the Suez Canal Authority the fees required for passage, the Egyptian authority said on Monday. Reuters reported on Friday that the M.T.Tour, owned by ISIM Tour Ltd and identified by the U.S. Treasury Department as a sanctions-evading company set up by Iran, was shipping a cargo of Syrian crude to a state-run Chinese company. via Reuters, The official added that the...

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