NIOC ranks as the world's second largest oil . According to the report, the NITC plans to modernize its fleet of around 70 tankers, one of the largest in the world, under a five-year program, and Norwegian companies are "on the NITC's list" to help the company upgrade its large fleet. Iran Tanker Tracking. Iran and Venezuela have recently expanded a swap agreement signed last year . National Iranian Oil Company - Wikipedia Stricken Iranian oil tanker explodes, sinks off China - National Post Iran NITC takes delivery of new VLCC from China, vessel ... - S&P Global Iran's NITC replaces tanker boss as pressure mounts But the NITC fleet largely sat idle for much of the past decade in between the occasional illicit sanctions-busting trade. The National Iranian Tanker Company . In another shocking exposé from 2012, Reuters claimed that Vitol had bought and sold Iranian fuel oil, bypassing an EU embargo against Tehran. Iranian Tankers Ready to Enter European Oil Market - Financial Tribune NITC to list to help fund newbuild programme - Splash247 Iran Tanker Tracking | UANI As of 2019, NITC had a fleet of at least 54 tankers, including 38 Very Large Crude Carriers and eight Suezmaxes. Technology Acronyms and Abbreviations in Tanker / Page 5 The National Iranian Oil Co was also slashing prices. Nasrollah Sardashti, commercial director at National Iranian Tanker Company (NITC), is quoted by Reuters today, saying: . China is the biggest importer of Iranian oil so far in 2019, at 334,000 bpd, down from 618,000 bpd in 2018, LLI data shows. Established in 1955, the National Iranian Tanker Company (NITC) transports Iranian crude oil for export and stockpiles oil in floating storage units. Tanker arrives in Venezuelan waters to discharge Iranian crude ... NITC serves Iran not only as a vehicle for moving. NITC's fleet will now include 26 VLCCs, nine Suezmaxes andfive Aframaxes. . The move comes as Iran oil shipments have fallen by almost 730,000 b/d since May, when the US withdrew from the Iran nuclear deal. National Iranian Oil Co Exclusive - Iran targets tanker company listing to fund fleet ... [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. 2022-05-13 Knowledge-Based Firms Can Help Boost Oil, Gas Production. Top 7 VLCC Tanker Companies In The World - Insider Monkey Revenue: $458.849 million Market Cap: $810.08 million Assets: $3.7 billion Number of employees: 50 Headquarters: Hamilton, Bermuda SFL Corporation Ltd is one of the largest oil tanker companies in the world with a fleet of approximately 84 vessels such as crude oil tankers, bulk carriers and ore carriers, bulk carriers and container ships. September 29, 2020 - 15:21. Free trade is Iran's right: NITC head - Tehran Times An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi Arabia's coast on Friday, Iranian media said, an incident that if confirmed will stoke tension in a region rattled by attacks on tankers and oil sites since May. (Reuters) -A tanker carrying about 1 million barrels on Iranian heavy crude arrived in recent days in Venezuelan waters for delivery to the country's largest refinery, according to a shipping report seen by Reuters on Monday and vessel tracking data. National Iranian Tanker Company - Involved In The government-owned Islamic Republic of Iran Shipping Lines (IRISL) and the National Iranian Tanker Company (NITC) appear prominently, along with their vessels and subsidiaries. Domestic company to build 113,000-ton oil tanker for NITC - Iran News ... Iran oil exports on the rise as national tanker fleet ... - Lloyd's List National Iranian Tanker Company (NITC) , Leading Tanker Company - LinkedIn Iran signs tanker tech deal with Tru Marine The National Iranian Tanker Company (NITC) and Singaporean Tru Marine recently signed an agreement. List page number 5 Iranian oil tanker 'hit by two MISSILES' in attack off Saudi Arabia The National Iranian Tanker Co. describes itself as operating the largest tanker fleet in the Middle East. Tehran said a supertanker called Sabiti, owned by The National Iran Oil Company, was struck by two missiles 60 . Iran fields one of the largest tanker fleets in the Middle East, with NITC, formerly called the National Iranian Tanker Company, owning at least 40 oil tankers, collectively worth billions. The Treasury Department is also identifying today the National Iranian Tanker Company (NITC) as a Government of Iran entity and, for the first time, the NITC fleet and various front companies belonging to NITC. Chevron Shipping Company (Chevron) op The Iranian vessel transferred two million barrels of condensate to the Venezuelan vessel off the coast of the Maldives. Iranian Oil Tanker Sinks After Second Explosion | OilPrice.com U.S. Exposes Fronts for Iran's Tanker and Shipping Companies Today's new sanctions came in two parts: 1) placing sanctions on 15 entities or individuals involved in supporting Iran's nuclear and ballistic missile programs and 2) publicly sanctioning over 25 companies and individuals as Specially Designated Nationals (SDN) who have repeatedly acted to circumvent current sanctions on the Iranian regime. National Iranian Tanker Company registers drastic increase i ... In the last decade, 90% of Iranian imports were were loaded in Dubai by NITC tankers and delivered at Iran's Shahid Rajaei Port," he said, adding that at present, 80% of cargos from Europe . When Iran's crude oil exports were initially sanctioned in 2012, its tanker fleet operating under the National Iranian Tanker Co banner had a similarly respected reputation in the market. . NITC Has Biggest Supertanker Fleet In The World Iran has in its possession 42 very large crude carriers ( VLCCs) with each caving a carrying capacity of 2 million oil barrels, according to the National Iranian Tanker Company (NITC). Exclusive: Half Iran tanker fleet storing oil at sea | Reuters << 1 >>. NITC Plans Domestic, Overseas Public Listing - Financial Tribune PDF TOP 30 TANKER COMPANIES TAKER Operator's - kotc.com.kw Bank of Kunlun, a subsidiary of China National Petroleum Corporation, has in recent months employed a fleet of tankers in an apparent bid to move oil from Iran to China, according to one person . Iranian oil tanker hit by two blasts in Red Sea National Iranian Tanker Company: LPG, product tankers: . Bureau Veritas - United Against Nuclear Iran | UANI [1] (Korea Coast Guard via AP . Pre-sanctions, the NITC operated on revenues of around $1.5 billion. Vela International Marine Ltd, a subsidiary of Saudi Aramco, has the biggest oil company fleet. Fri Oct 11, 2019 05:32AM. NIOC is owned by the government of Iran and is the world's second-largest oil company by volume produced, after the Saudi Arabian Oil Co. NITC, a former subsidiary of NIOC that was privatized 12.