Tuesday May 03, 201102:05 PM GMT
Iran eyes world's 2nd tanker company
Tue May 3, 2011 2:3PM
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Directing Manager of the National Iranian Tanker Company (NITC) Mohammad Souri
The National Iranian Tanker Company (NITC) says the firm is the world's fourth largest oil tanker operator, vowing to stand in second place by 2013.


“This company owns 50 Very Large Crude Carriers (VLCCs) [with the capacity] of 300 to 320 tons which amounts to 10 percent of the world's VLCC fleet, which currently stands at 500 vessels,” Fars news agency quoted NITC Directing Manager Mohammad Souri as saying on Tuesday.

Addressing a national conference of marine organizations, Souri said the ships owned by the company have a capacity of 17.922 million tons and have the capability of transferring 170 million tons of commodities on a yearly basis.

The National Iranian Tanker Company counts as the fourth largest tinkering firm in the globe, the official said and noted, “We will be the world's second [largest] company in this regard.”

The NITC, a subsidiary of the National Iranian Oil Company privatized in 2009, carried 104 million tons of crude last year -- 51 percent of which went to Europe.

On Tuesday, Souri called for an increase in the share of the country's private sector in different economic and industrial fields to pave the way for the government to focus on “strategic planning.”

Earlier in the year, NITC Area Manager Captain R. Qareh said the company would expand its fleet by 72 percent with the help of 22 VLCCs it is scheduled to receive by 2013 in a bid to be among the top three tanker operators in the world.

He also downplayed Western sanctions imposed on Iran as ineffective, saying that the NITC continues to carry crude produced by Royal Dutch Shell Plc and Total SA, in addition to oil from Saudi Aramco as well as other producers in Kuwait and the UAE capital Abu Dhabi.

MRS/HGH/MGH
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