Iran Grain Ships Stuck In Brazil Without Fuel Due To U.S. Sanctions | 7/18/2019 | Staff
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SAO PAULO/RIO DE JANEIRO (Reuters) – Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States.

The vessels Bavand and Termeh came to Brazil a couple months ago carrying urea, a petrochemical product used as fertilizer. They were expected to load corn and return to Iran, but lacked enough fuel for the trip, the port operator in Paranaguá told Reuters.

Food - US - Sanctions - Iran - Buyers

Food is not covered by U.S. sanctions, and Iran is one of the largest buyers of Brazil’s agricultural commodities, importing more than 2.5 million tonnes of Brazilian corn so far this year — more than any other country.

However, that trade is not usually carried by ships flying the Iranian flag. When the vessels are Iranian, they usually come with enough fuel to return without refueling.

Bavand - Termeh - Ships - State - Company

Bavand and Termeh were among several ships owned by Iranian state company Sapid Shipping Co that have brought urea to Brazil this year and returned with corn. Urea is included in the U.S. sanctions, but a local company decided to take that business.

Iran is working to boost petrochemical sales as sanctions hammer its oil industry. The Brazilian urea market was one target.

Supplier - Bunker - Fuel - Ships - Brazil

The main supplier of bunker fuel for ships in Brazil is Transpetro, a subsidiary of Petroleo Brasileiro SA , or Petrobras, as the state-run company is known. Petrobras confirmed it had declined to fuel the ships and cited the sanctions.

“The vessels were included by the United States in the Specially Designated Nationals and Blocked Persons...
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