Proponents of lifting the U.S. crude oil export ban trumpeted the rhetorical question that since U.S. geopolitical rival Iran can export its oil, why can't the United States?
But now that “liquid freedom” has begun to flow from American export terminals to the global market, it turns out the same company that exported the first batch of U.S. crude oil to the global market is now also exporting Iranian oil products. That company, the Switzerland-based Vitol Group, was profiled in an investigative piece on DeSmog late last year.
“Vitol, one of the world's largest traders in oil and oil products in terms of volumes, has fixed three vessels to load Iranian condensate,” Platts reported on January 29. “The recent removal of sanctions on Iran has resulted in international companies rushing to trade in Iranian petroleum with the latest being Vitol.”