Business

The Minister of Oil confirms his support for building a new fleet to transport crude oil and refined products around the world

Baghdad Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani affirmed the Ministry’s keenness to support the work of the Iraqi Oil Tankers Company and to resume its activity in maritime transport of crude oil and not to reduce it to transporting limited quantities of oil products.

This came during his visit to the Iraqi Oil Tankers Company and his meeting with the General Manager and employees of the company, and he stressed “the work to restore the vital role of the national carrier in the global energy markets, and to enhance its role and historical position, which it enjoyed when it was cruising the seas and transporting Iraqi oil in the seventies and eighties of the last century to Europe and Asia.” and Latin America by more than 2 million barrels.

The Minister pointed out the need to resume work to transport Iraqi crude oil by strengthening the company with a fleet of modern tankers and large tonnages as it was previously in Iraq before it was destroyed by the absurd wars, noting that the ministry had attempts to restore the company’s work after 2003, but the challenges and obstacles were And it was able to own some tankers for transporting petroleum products.”

Abdul-Ghani added, “The Ministry provides its great support to the purchase of modern tankers to transport crude oil and to seek to rebuild and rehabilitate the old tanks, and that the company owns a fleet of internationally approved tankers, and the company’s management has the choice between going to purchase alone or in cooperation with internationally accredited companies, that what matters to us is to speed up the rebuilding of a new fleet. To return its activity to its previous era and better in transporting oil and its products and elevating them to the ranks of international companies, in addition to the need to rehabilitate the specialized personnel in the field of maritime transport operating on the fleet.”

The company’s General Manager, Ali Qais, gave a brief about the company’s activity, which was established in 1972, as the company was able to achieve advanced and important steps in the field of work. It owns a fleet of more than 24 large tankers that are destroyed as a result of wars, and Qais revealed the inauguration of a new oil tanker early next year to join the current fleet.”

Source: National Iraqi News Agency