Industries News.Net

Iran Says It Seized Panama-Flagged Tanker For Alleged Fuel Smuggling

20 Nov 2020

Iran's Islamic Revolutionary Guards Corps (IRGC) has detained a Panama-flagged oil tanker in the Persian Gulf that was carrying 300,000 liters of illegal oil, local media report.

The 10 foreign crew members were detained and the case was handed over to prosecutors in the port city of Parsian, the semiofficial Fars news agency quoted an IRGC spokesman as saying on November 20.

The report did not give the nationality of the crew members or other details of the incident.

Iran, which has some of the world's cheapest fuel prices due to heavy subsidies and the fall of its national currency, has been fighting fuel smuggling to neighboring countries.

An estimated 10 million liters of fuel are smuggled from Iran every day, according to Iranian media reports.

Based on reporting by dpa and Reuters

Copyright (c) 2018. RFE/RL, Inc. Republished with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave NW, Ste 400, Washington DC 20036

Copyright ©1998-2021 Industries News.Net | Mainstream Media Limited - All rights reserved