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FinancialStep.com - Financial Services Web Directory.
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2007: The inauguration of the first Iraqi tanker since 27 years

December 20, 2007

Official spokesman for the Ministry of Oil said that the public company for Iraqi oil tankers will inaugurate the first Iraqi tanker within its fleet on Monday in an official ceremony.

The spokesman, Asim Jihad, said that the oil tanker (Tigris) will be the first in a fleet which the Ministry of Oil intends to establish after the public company for Iraqi oil tankers stopped work for over 27 years with the start of the Iraq-Iran war in 1980. He added, "the tanker (Tigris) is modern and with a cargo of 14 thousand tons; it is one of three tankers contracted on by the company with a Chinese company," noting that the second tanker is hopefully arriving during the next couple of weeks with a payload of 14 thousand tons and the third tanker, with a payload of 16 thousand and 800 tons, is expected in the coming months.

He said, "The company has taken all necessary precautions for the work of those pieces; it contracted with a Norwegian company to prepare studies for the advancement of this sector, the training of its cadres and to make it within the international specifications ( I.S.M.). It also contracted with a Swedish company for world specifications of tankers for the exercise of maritime activity." Jihad continued, "The Iraqi Company for tankers was founded in 1972 and has had 22 pieces, the smallest one is with a payload of one thousand five hundred tons and the largest with 155 thousand tons."

He pointed out that the tanker will transport oil from Iraq and imported oil derivatives into Iraq during the current phase. The Ministry has a plan to expand the fleet to include modern oil tankers and it has already contracted with Hyundai Company of South Korea to build a number of oil tankers to Iraq.

Source: Iraq Directory
 
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