NITC Mulls Investment in LNG Tanker Fleet
tanker ship Iran

National Iranian Tanker Company (NITC) is thinking about moving into the condensed flammable gas (LNG) advertisement as Iran prepares for the exertion of petroleum gas later on. 

The designs were uncovered by Mohammad Reza Shams Dolatabadi, NITC's head of global undertakings, Reuters announced that NITC was investigating the process of securing of LNG tankers in the forthcoming three to five years. 

The expansion designs and armada developments that are made for NITC mark a significant come back to the European market, following the lifting of sanctions against Iran in January 2016. 

"Our boats are calling at numerous European ports, and the quantity of these shipments is expanding step by step," he told Reuters. 

As indicated by Dolatabadi, the organization is anxious to recharge its armada and is taking a shot at a five-year plan to arrange for that, this will incorporate obtaining new tonnage and disassembling of obsolete vessels, yet this should be without a noteworthy change to the armada's ability. 

Earlier this month, NITC's parent organization, National Iranian Oil Company (NIOC), marked a 5 billion USD manage Total, denoting the arrival of European oil majors to the nation. 

"By marking this agreement, a considerable measure of issues with some outside organizations to put and work in Iran will be settled, and truth be told, this will be the start of attracting individuals who want to invest their resources into Iran, in Oil industry, as well as in different fields not identified with oil," Iranian Minister of Petroleum Bijan Zangeneh said. 

As uncovered by NIOC, Iran right now extracts 290,000 barrels of unrefined petroleum every day, the figure which will witness an expansion of 78,000 barrels BPD.

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