Libya's General National Maritime Transport Co. orders six oil tankers worth USD400 million

Four tankers will be built by Samsung, other two by Sasebo, will have total capacity of 700,000 tons. Libya's General National Maritime Transport Company announced on Wednesday the purchase of six oil tankers valued at a total of USD400 million. The contracts were signed on Sunday and Monday with Korean naval construction group Samsung Heavy Industries and Japanes constructor Sasebo Heavy Industries, company official Tarek Yussef Said said.
The tankers will have a total capacity of 700,000 tons, or the equivalent of five million barrels of crude.
Headed by Hannibal Gathafi, son of Libyan leader Moamer Gathafi, the company exercises a near-monopoly in the transport of Libyan oil. Its fleet currently comprises 18 tankers with a total capacity of 11.8 million barrels.
With two million barrels per day, Libya is the third largest producer in Africa, after Nigeria and Angola. It plans to increase its production to three million barrels a day by 2013.