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Top global oil trader Vitol has continued to buy and trade Iranian fuel oil, Reuters reports,...

Top global oil trader Vitol has continued to buy and trade Iranian fuel oil, Reuters reports, highlighting the challenges facing Western efforts to sanction Iran. Switzerland-based Vitol, which isn't bound by EU sanctions on Iran, reportedly bought 2M barrels of fuel oil from Iran for power generation and offered it to Chinese traders.
Comments (2)
  • kmi
    , contributor
    Comments (3984) | Send Message
     
    Linked report claims that it is not clear if anyone has actually bought the oil yet from Vitol and reporting on it may be making things difficult for Vitol.
    26 Sep 2012, 02:14 PM Reply Like
  • Dr. V
    , contributor
    Comments (1179) | Send Message
     
    They are however, bound by UN Treaty and Resolution.
    2 Oct 2012, 06:41 AM Reply Like
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