Image: An estimated 65 Iranian tankers are being used to store oil. New York TimesOil Backed Up, Iranians Put It On Idled Ships -- New York Times
BANDAR ABBAS, Iran — The hulking tanker Neptune was floating aimlessly this week in the warm waters of the Persian Gulf, a fresh coat of black paint barely concealing its true identity as an Iranian ship loaded with hundreds of thousands of barrels of oil that no one is willing to buy.
The ship’s real name was Iran Astaneh, and it was part of a fleet of about 65 Iranian tankers serving as floating storage facilities for Iranian oil, each one given a nautical makeover to conceal its origin and make a buyer easier to find. The Neptune had been floating there for a month, and local fishermen said there were two even larger tankers anchored nearby.
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My Comment: The Obama administration has given waivers to about 20 of Iran's customers .... so Iran should have no trouble it's selling oil. The problem will be in selling it's surplus oil .... and having the necessary shipping insurance to have it delivered.
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