GREEN WARRIOR

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Glencore loading Iranian fuel oil directly from Bandar Mahshahr

Feb 4 (Reuters) - Anglo-Swiss commodity trader Glencore has chartered a ship to load Iranian fuel oil at the Iranian port of Bandar Mahshahr in a move that signals the return of legitimate Iranian crude and oil products to international markets. The Greek-owned vessel, Green Warrior, arrived at the Iranian port of Bandar Mahshahr on February 3, on a fully fixed charter by Glencore and is set to load 80,000 tonnes of high-sulphur fuel oil bound for Singapore, according to Thomson Reuters ship tracking data as well as traders and shipbrokers with knowledge of the matter. A Glencore spokesman declined to comment. Despite the lifting of sanctions in mid-January, most international insurers are no closer to resolving concerns over remaining U.S. sanctions, limiting oil companies' ability to steal a jump on rivals in the race to benefit from Iran's return to oil markets. http://projects.zawya.com/Glencore_loading_Iranian_fuel_oil_directly_from_Bandar_Mahshahr/story/TR20160205nL3N15J39JX2/