Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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Vitol, Business Halt

description

Following in the footsteps of Glencore and Reliance Industries, Vitol, one of the three largest oil traders in the world, has decided to cease supplying the Islamic Republic of Iran with gasoline.  Vitol is currently supplying Iran with gasoline under contracts enacted before the start of the year but will neither renew these contracts nor negotiate for additional ones.  

Status

  • Current Status:
  • Discussion Date: Mon, 2010-03-08
  • Contract Date:
  • Completion Date:

Citation

1. “Trafigura, Vitol stopping Iran gasoline sales”, Reuters, 8 March 2010, Available at http://www.reuters.com/article/idUSLDE62712920100308

2. “World’s biggest oil trader ends supplies to IR Iran”, Iran Press News, 8 March, 2010, Available at http://iranpressnewsblog.blogspot.com/2010/03/worlds-biggest-oil-trader-...

All projects by Vitol