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News / Business/ Iran Ship Owners Union says enough low-sulphur fuel has been supplied for IRISL fleet

Iran Ship Owners Union says enough low-sulphur fuel has been supplied for IRISL fleet

17 Jan 2020
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Yahya Ziaei, Secretary General of Iran Ship Owners Union (IRSOU), on Wednesday (15 January) said enough low-sulphur fuel has been supplied for Islamic Republic of Iran Shipping Line (IRISL) maritime fleet, according to Tehran Times.

The Islamic Republic of Iran Shipping Line and National Iranian Tanker Company are both cooperating to secure LSFO avails, he told the news agency in an update.

Ziaei said for the past few years, Iran’s Ports and Maritime Organisation (PMO) has engaged in multiple negotiations for the production and supply of low-sulphur fuel with National Iranian Oil Company (NIOC) as well as Iran’s Oil Ministry – but the issue has been neglected.

Iran’s Oil Minister Bijan Namdar Zanganesh was summoned to the parliament earlier this week for the oil ministry’s negligence of producing enough low-sulphur fuel oil for the country’s maritime fleet.

Zanganesh said the oil ministry need USD 10 billion of investment to modify and improve the country’s refineries, which was impossible to secure under the US sanction.

He also mentioned plans for refinery modifications to produce low-sulphur fuels are underway in Abadan Refinery but halted in at Isfahan Refinery.

Prior to 1 January, IRSOU said Iran was unable to meet IMO 2020 compliance due to low inventories of low-sulphur fuel oil. The National Iranian Oil Product Distribution Company (NIOPDC) clarified the rumour on 3 January.

Related: IRISL fleet will have IMO 2020 compliant bunkers, says NIOPDC MD
Related: Iran unable to meet IMO 2020 compliance due to low VLSFO avails

 

Published: 17 January, 2020

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