NITC Plans to Expand Tanker Fleet
In a speech at the annual general meeting of Intertanko held last week inMadrid, Mr. Mohammad Souri, Chairman of the National Iranian Tanker Company (NITC),said that his company plans to place future emphasis on transporting its oil bysea rather than pipelines and hence would seek to add 20 new very large crudecarriers (VLCC's) during the next decade. He added that no new pipelines areplanned following the completion of...
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