Iran General NewsKuwait, Iran crude exports disrupted due to weather

Kuwait, Iran crude exports disrupted due to weather

-

ImageReuters: Oil shipments from OPEC producers Kuwait and Iran have been disrupted due to poor weather in the world's top exporting region, industry sources said on Sunday.

ImageKUWAIT, Feb 22 (Reuters) – Oil shipments from OPEC producers Kuwait and Iran have been disrupted due to poor weather in the world's top exporting region, industry sources said on Sunday.

Top oil exporter Saudi Arabia had no interruptions in its crude flow to international markets, a spokesman for state oil firm Saudi Aramco said.

Kuwait, the world's seventh-largest oil exporter, suspended its more than 2 million barrels per day (bpd) of oil shipments early on Sunday, said a spokesman for state refiner Kuwait National Petroleum Co (KNPC).

"Oil exports were stopped on Sunday morning due to low visibility and will resume once weather conditions are better," Ahmad al-Muzaiel told Reuters. High winds are whipping up sand and reducing visibility. Visibility was expected to improve by Sunday evening, state news agency KUNA cited a weather expert as saying.

Bad weather extended through the northern Gulf. Exports from Iran's main crude oil terminal Kharg Island have been intermittent since last Wednesday due to high winds.

The terminal was shut early on Sunday, one shipper said. It was also shut on Wednesday and Thursday last week, two shipping sources said.

"The (Kharg Island) terminal is closed today, the winds have been very strong … they have had to close a few times in the past few days," a Tehran-based shipping source said. Iranian officials were unavailable for comment on Sunday.

The OPEC-member ships about 2.4 million bpd of crude, mostly from Kharg Island.

Oil exports from the world's largest offshore oil facility at Ras Tanura in Saudi Arabia continued as normal, despite bad weather, port sources there said. Ras Tanura has the capacity to load between 5.5 million and 6 million bpd of oil.

Loading at the United Arab Emirates' port of Jebel Dhanna was also unaffected despite windy conditions, shipping sources said. Iraq and Qatar's crude exports were normal despite poor visibility, shipping sources said.

Iraqi exports reached a rate of 1.56 million bpd on Sunday.

OIL PRODUCTS

Shippers said oil exports from Aramco's joint-venture refinery with Shell at the Gulf port of Jubail were disrupted due to bad weather.

Shippers said berthing at the berth outside the breakwater has been halted with two ships in anchorage waiting to load.

The joint-venture Sasref refinery has two berths for oil product exports, one located inside the port breakwater and the other outside it, shippers said.

About 60,000 tonnes of product, mainly fuel oil, naphtha, gas oil and jet fuel is exported from the terminal daily, a shipper said.

Fuel oil exports at Iran's Bandar Mahshahr was also shut, an oil trader said. The terminal exports straight-run fuel oil from Iran's largest refinery, the 450,000 bpd Abadan plant.

Poor visibility conditions at the United Arab Emirates' Jebel Ali port were slowing down tanker berthing.

(Reporting by Rania El Gamal in Kuwait and Simon Webb and Luke Pachymuthu in Dubai; Editing by Erica Billingham)

Latest news

Iran: Livelihood Basket of Workers and Retirees Is Not Filled Even With Second Jobs

The hard livelihoods of workers and social security retirees is an issue that Iran’s officials are ignoring easily, while...

Iran’s Poverty “Monitoring System” Has Become Worthless

Ali Rabii, the Minister of Cooperatives, Labour, and Social Welfare of Iran’s previous government, in 2018 informed about the...

Iran’s Severe Political Isolation and Foreign Trade Impasse

Peyman Pak, Head of Iran’s Trade Development Organization, in a TV interview with the state Channel One on October...

Iran: Women Heads of Households Are Victims of the Mullahs

In Iran over the past three years, Iran’s women heads of households have endured exhausting pressures in various social,...

Iran’s Government Normalizes the Coronavirus Outbreak

While the coronavirus death rate in Iran’s fifth wave is still high and many provinces have a critical situation,...

Iran’s Economy Worsens As the Government Continues To Plunder National Wealth

The current economic situation in Iran is the worse one that the country has experienced in the last century....

Must read

Obama’s losing bet on Iran

  New York Times: A great deal of diplomatic attention...

U.S. dismisses ElBaradei snipes over Iran

Reuters: The United States voiced irritation on Friday with...

You might also likeRELATED
Recommended to you