59761
Iraq to Expand Tanker Fleet
Iraq to Expand Tanker Fleet

Iraq to Expand Tanker Fleet

Iraq to Expand Tanker Fleet

Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi said in a statement on Friday. The nation's tanker fleet was largely destroyed during the US-led offensive to dislodge Iraq from Kuwait in 1991, according to the state-run Iraqi Oil Tankers Company's website, Reuters reported. The company owned as many as 24 tankers in the 1980s. "The ministry is keen to restructure the company and develop its operations by building and buying a large fleet of tankers," Luaibi told the company's management, according to the statement. Iraq is OPEC's second-largest producer, after Saudi Arabia. Last year, the kingdom said it is looking to expand its fleet of oil tankers into the world's largest as part of efforts to ensure a secure supply of crude oil to its customers worldwide.

Short URL : https://goo.gl/3OorCp
  1. https://goo.gl/Sg8SLo
  • https://goo.gl/spBGuo
  • https://goo.gl/5rVtW8
  • https://goo.gl/RsdgjE
  • https://goo.gl/21ow1g

You can also read ...

Tehran Power Infrastructure, Equipment Set for Rehab
A series of operations to recondition and expand Tehran's...
OPEC to Discuss Cuts in Nov.
OPEC will discuss at a meeting in November whether to extend...
About 3,400 megawatts of large-scale solar came  off the system during the eclipse.
The first total solar eclipse to sweep the US from coast to...
Iran plans to offer new oil blends to diversify  its customers.
Iran's crude oil traded above $51 a barrel in the week to...
The Persian Gulf littoral states satisfy the lion's share of their needs for drinking water from marine resources.
Transferring water from the Sea of Oman, the Persian Gulf and...
Total's Shares Rise Over Maersk Deal
Shares in Total rose on Tuesday on the back of upbeat analyst...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus