Ron Burgundy Posted September 26, 2012 Share Posted September 26, 2012 SINGAPORE/BEIJING (Reuters) - Vitol, the world's largest oil trader, is buying and selling Iranian fuel oil, undermining Western efforts to choke the flow of petrodollars to Tehran and put pressure on Iran's suspected nuclear weapons program. Vitol last month bought 2 million barrels of fuel oil, used for power generation, from Iran and offered it to Chinese traders, Reuters established in interviews with 10 oil trading, industry and shipping sources in Southeast Asia, China and the Middle East. A spokesman for Vitol declined to comment. ... http://news.yahoo.com/exclusive-vitol-trades-iranian-fuel-oil-skirting-sanctions-040047937--sector.html Quote Link to comment Share on other sites More sharing options...
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