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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq begins building two new tankers to transport petroleum products

    Rocky
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    Iraq begins building two new tankers to transport petroleum products Empty Iraq begins building two new tankers to transport petroleum products

    Post by Rocky Thu 28 Mar 2024, 7:06 am

    Iraq begins building two new tankers to transport petroleum products

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    Economy News - Baghdad
    The Iraqi Oil Tanker Company (National Carrier) announced today, Thursday, that the rate of transportation of oil products produced in Iraqi refineries has increased to 65% after the two tankers, Akkad and Sumer, entered work. While it confirmed the imminent announcement of the construction of two new tankers to transport the products, it revealed a plan to enter into real partnerships. With major companies to own giant tankers.
    The company's general manager, Ali Qais, told the official agency, followed by "Al-Eqtisad News", that "the Iraqi Oil Tanker Company previously owned 29 tankers of different sizes, but as a result of the wars and conflicts that the country went through, this fleet was completely destroyed, and Iraq began to sell oil in bulk and not... And that is why the Oil Tanker Company sought after 2003 to restore its position.”
    Qais added, “The company owns 4 tankers, which are oil product tankers only (Tigris, Euphrates, Shatt al-Arab, and Baghdad) with a capacity of 13 thousand tons. In 2019, it signed a contract to build two tankers according to international specifications, namely (AKD and Sumer) to transport oil products.”
    He continued: “We are now in the process of negotiating with international companies to enter into major partnerships for the purpose of owning tankers, as well as restoring the activity of transporting Iraqi crude oil, as the rate of transport of petroleum products produced in refineries reached 65% after the entry of the two tankers (AKKD and SUMMER),” stressing: “ We are now in the process of announcing the construction of two new tankers to transport products, and we will try to reach 100% of product transport.”
    Regarding the percentage of exported quantities of crude oil, Qais explained, “The exported quantities of crude oil are sold through the oil marketing company, that is, the purchasing companies are the ones that transport the oil because we sell it subtracted and not in the form of a liquid. However, the Minister of Oil stressed the necessity of restarting the activity of transporting Iraqi crude oil.” By Iraqi tankers.
    He pointed out that "the company's future plan is to build two tankers for oil products and enter into real partnerships with major companies for the purpose of owning giant tankers to transport Iraqi crude oil."


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