Indian state oil firm cancels loadings from Iraq due to risks
Three informed sources said that Indian Oil Corporation canceled oil loading operations from the Iraqi port of Basra due to increasing risks and attacks on some ships passing through the Strait of Hormuz.
The state-owned Indian corporation was preparing to load two million barrels of Iraqi oil onto the very large crude carrier (Leela Jamnagar) around July 23.
The sources said that another state-owned refiner, Mangalore Refinery and Petrochemicals Limited, also canceled its plans to load oil from Iraq aboard the Indian-flagged tanker (Desh Gaurav).
India advised ship owners, operators, and recruitment companies not to send Indian sailors on ships traveling through the strait after the resumption of combat operations in the region.
The maritime navigation regulator asked ship captains to be cautious about the security situation in the Gulf, the strait, and adjacent waters, and called for continued monitoring of navigational warnings.
About 20% of the world's energy supplies passed through the strait before the war.
Tensions have escalated since the collapse of the fragile truce between Washington and Tehran in early July and the return of intense exchanges of strikes and the worsening disruption of navigation through the strait.
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Original source: Al Arabiya
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