News Content
Iraq plans to acquire a 'large' fleet of tankers
IRAQ plans to rebuild its fleet of oil tankers that will be used to ship its crude oil to markets worldwide, Reuters reports.
"The ministry is keen to restructure the company (Iraqi Oil Tankers Co) and develop its operations by building and buying a large fleet of tankers," Oil Minister Jabar al-Luaibi told the company's management, according to the statement seen by Reuters.
Iraq's tanker fleet was largely wiped out during the US-led offensive to dislodge Iraq from Kuwait in 1991, according to the state-run Iraqi Oil Tankers Co, which owned as many as 24 tankers in the 1980s, several of which were also destroyed in the Iran-Iraq war.
"The ministry is keen to restructure the company (Iraqi Oil Tankers Co) and develop its operations by building and buying a large fleet of tankers," Oil Minister Jabar al-Luaibi told the company's management, according to the statement seen by Reuters.
Iraq's tanker fleet was largely wiped out during the US-led offensive to dislodge Iraq from Kuwait in 1991, according to the state-run Iraqi Oil Tankers Co, which owned as many as 24 tankers in the 1980s, several of which were also destroyed in the Iran-Iraq war.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
