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Occidental Petroleum has chartered the Very Large Crude Carrier Maran Andromeda to carry oil to South Korea for a record-setting price of $13.25 million, Reuters sources said on Monday. The crude oil is set to leave the United States on November 20. Freight rates to Asia have climbed to new heights after the United States sanctioned several Chinese tanker owners for “knowingly engaging in a significant transaction for the transport of oil from Iran, including knowledge of sanctionable conduct, contrary to US sanctions.” The sanctions…

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