Middle East Economic Survey


No 23



NITC Orders Six LNG Carriers From China

The National Iranian Tanker Company (NITC) has ordered six LNG carriers from China to export its future output of gas. The vessels will cost around $200-220mn each and are due for delivery between 2014 and 2015. Announcing the deal, NITCs managing director Mohammad Souri said that his company usually bought South Korean vessels, but has judged this time that the Chinese offer was better. Iran shares...