National Iranian Tanker Company
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The National Iranian Tanker Company (NITC, fa, شرکت ملی نفتکش ایران, ''Shirkat-e Mili-ye Nuftekâshi-ye Iran'') is a subsidiary of the
National Iranian Oil Company The National Iranian Oil Company (NIOC; fa, شرکت ملّی نفت ایران, Sherkat-e Melli-ye Naft-e Īrān) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Ir ...
, which was privatized in 2009. As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. It is the biggest tanker company in the
Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...
. The company transports Iranian crude to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including
Royal Dutch Shell Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New Yo ...
,
TotalEnergies TotalEnergies SE is a French Multinational corporation, multinational integrated energy and List of oil exploration and production companies, petroleum company founded in 1924 and one of the seven Big Oil, supermajor oil companies. Its businesses ...
, Saudi
Aramco Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of ...
and state-run producers in
Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the nort ...
and
Abu Dhabi Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. ...
. NITC has a capacity of 11 million tons per year.


Facts and figures

*NITC's revenues during the last Iranian year (ended March 20, 2009) reached $1.5 billion. 51 percent of the revenues came from Europe, 26 percent from Asia, 15 percent from Africa and 8 percent from other parts of the world, including Canada, Venezuela and Latin America. *NITC observes
International Maritime Organization The International Maritime Organization (IMO, French: ''Organisation maritime internationale'') is a specialised agency of the United Nations responsible for regulating shipping. The IMO was established following agreement at a UN conference ...
regulations. NITC has been awarded ISO 9002, ISO 14001 (for management), PMS (for maintenance and repair system), STCW (for maritime supervision systems) and ISMC (for maritime safety management). *Iran pumps about 4mn barrels per day to world markets, with roughly 60% bound for Asia and the remaining headed to Europe (2008). *In 2008, NITC transferred 103 million tons of petroleum products abroad. *As of 2015, Iran has 42 very large crude carriers or
VLCC An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined crud ...
s, each able to carry 2 million barrels of oil.


Fleet

As at 2010, the company operated 28 Very Large Crude Carriers (
VLCC An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined crud ...
), nine Suezmax and five
Aframax An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract t ...
tankers. It also owns three chemical vessels and a liquefied petroleum gas ( LPG) carrier. As of January 2011, NITC has 46 tankers with an annual capacity of 10.6 million tons to be increase to 12.5 million tons by the end of the year. As at 2012, NITC with 40 tankers of 100,000 to 300,000 tons, does not have the long-distance capacity for more than 2 million barrels (300,000 tons) a day in exports.


List of tankers

* ''Sabiti'' * ''Marshall Z'' * ''Pacific Bravo'' * ''Latin Venture'' SONIA


Expansion

NITC has a huge project for replacing tankers, including the construction and purchase of 25 tankers with a total capacity of 6 million tons. In 2009,
Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...
and
South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
's
Daewoo Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerat ...
signed a $128-million contract on tanker supply with a capacity to carry 2.1 million barrels of crude.http://www.iran-daily.com/1388/3380/html/economy.htm The state-owned enterprise says it has ordered 16 other oil tankers that will join its current fleet of 45 carriers by 2011. NITC expects by 2013 to have 74 ships of all sizes, including very large crude carriers, or
VLCC An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined crud ...
s, and also smaller vessels. NITC will operate 50 VLCCs at that time, up from 28 in 2010. As at 2011, NITC ranks as the fifth-biggest tanker operator worldwide, with a total of 43 ships. Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40
liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volu ...
(LNG) carriers and over 300 commercial vessels. In 2009, in a move aimed at further enhancing Iran's shipbuilding industry, President
Mahmoud Ahmadinejad Mahmoud Ahmadinejad ( fa, محمود احمدی‌نژاد, Mahmūd Ahmadīnežād ), born Mahmoud Sabbaghian ( fa, محمود صباغیان, Mahmoud Sabbāghyān, 28 October 1956),
said he will ban the purchase of foreign ships by Iranian organizations.


Role during US sanctions

In May 2018, when the Trump administration re-imposed sanctions against Iran after the US withdrawal from the
JCPOA The Joint Comprehensive Plan of Action (JCPOA; fa, برنامه جامع اقدام مشترک , barnāmeye jāme'e eqdāme moshtarak (, ''BARJAM'')), commonly known as the Iran nuclear deal or Iran deal, is an agreement on the Iranian nuclear ...
, China shifted its petroleum cargo to ships owned by the NITC to maintain or even increase its imports from Iran. It was not immediately clear which entities would provide insurance for those shipments worth $1.5 billion a month. Zhuhai Zhenrong Corp and
Sinopec Group China Petrochemical Corporation () or Sinopec Group is the world's largest oil refining, gas and petrochemical conglomerate, administered by SASAC for the State Council of the People's Republic of China. It is headquartered at Chaoyangmenwai ...
have activated a business clause in their long term supply agreement with
NIOC The National Iranian Oil Company (NIOC; fa, شرکت ملّی نفت ایران, Sherkat-e Melli-ye Naft-e Īrān) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Ir ...
, and likely Iran will cover all the costs and risks, including insurance, for the delivery of the crude.Drake, Matt (Aug. 21 2018)
"China DEFIES Trump to buy nearly ALL oil imports from Iran despite sanctions"
''Sunday Express''. Retrieved 26 August 2018.


See also

*
Transport in Iran Iran has a long paved road system linking most of its towns and all of its cities. In 2011 the country had of roads, of which 73% were paved. In 2008 there were nearly 100 passenger cars for every 1,000 inhabitants. Trains operate on 11,106&nb ...
* International rankings of Iran in Transport *
IRISL Group The Islamic Republic of Iran Shipping Line Group ( fa, گروه کشتیرانی جمهوری اسلامی ایران, ''Gruh-e Kâshitirani-ye Jimhuri-ye Eslâmi-ye Iran''), commonly known by its business name IRISL Group, is a shipping line bas ...


References

that yahoo news itam doen'st exist anymore


External links


National Iranian Tanker Company
(official website)

{{Energy in Iran Shipping companies of Iran Tanker shipping companies