Posted on August 29, 2019 by Ilias Kiritsis

According to a statement by an Iranian State representative, Iran has sold the 2.1 million barrels of crude oil on board the Crude Oil Tanker, Adrian Darya 1, formerly known as Grace1 to an unknown buyer.

The statement regarding the sale was issued on the 26th of August, by the Iranian Government spokesman, Ali Rabiei.

"The Islamic Republic of Iran has sold the oil of this ship and now the owner and purchaser of this oil will decide the destination of the cargo.

"We believe and are sure that the owner of the ship will take it to where it is supposed to go and we are not informed of its final destination," said Rabiei in a statement to the Iranian State media.

Mr Rabiei declined to mention the identity of the oil buyer or the terms of the sale. It is estimated that currently, the value of the cargo onboard the Adrian Darya 1 is approximately $130 million.

The Adrian Darya1 is now expected to sail to the Turkish port of Mersin. Reportedly, the vessel is going to be unloading all of its cargo upon arrival at the port.

Posted in Operations , Iran , Sanctions , Turkey , Middle East

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