Iraq-Business News

  In Iraq-Business News 

Norwegian Firm to build Oil Tankers for Iraq

Iraq’s Ministry of Oil, represented by the Iraqi Oil Tankers Company (IOTC), has concluded a contract with Norway’s Batservice Mandal [Båtservice Mandal AS] to build two oil tankers.

Oil Minister Ahsan Abdul-Jabbar Ismail said that this contract comes within the framework of the ministry’s plans to rebuild the national fleet of oil tankers, which he said have been damaged by futile wars over the past decades.

The General Director of the Iraqi Oil Tanker Company, Ahmed Khazal, said that the two oil tankers will have a capacity of 30,000 tons each, and be delivered 18 months after the date of signing the contract. Source