Middle East Economic Survey

VOL. XLVIII

No 49

5-December-2005

IRAN

NITC Plans Fleet Expansion For Petrochemicals Exports

The National Iranian Tanker Company (NITC) plans to invest more than $2bn over the next four years to support the countrys growing petrochemicals exports and LNG projects. NITC Chairman Mohammad Souri told reporters at a conference in Dubai on 29 November: We have a significant new building program under way, including plans for 10 LNG carriers and 10 chemical tankers by 2009....