Tag Archives | International Oil Trading Company (IOTC)

Norwegian Firm to build Oil Tankers for Iraq

By John Lee. Iraq's Ministry of Oil, represented by the Iraqi Oil Tankers Company (IOTC), has concluded a contract with Norway's Batservice Mandal [Båtservice Mandal AS] to build two oil tankers. Oil Minister Ahsan Abdul-Jabbar Ismail said that this contract comes within the framework of the ministry's plans to rebuild the national fleet of oil […]

US pays IOTC $40m for Iraq War Fuel

International Oil Trading Co. (IOTC) announced today that the company has reached a full settlement with the Defense Logistics Agency - Energy (DLA), resolving all issues associated with IOTC's delivery of fuel to the Coalition troops during the Iraq War. The $40 million payment to IOTC represents amounts due for fuel delivered and received by […]