Iranian crude deliveries to Greek state refiner Hellenic Petroleum got underway this week, marking the beginning of an oil supply programme that could reach up to 25 million barrels per year.

A VLCC in the fleet of Evangelos Marinakis’ Capital Ship Management Corp, the 298,000-dwt Achilleas (built 2010), loaded about one million barrels of crude for Hellenic at Kharg Island in late March, TradeWinds has learned.