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Tag Archives | International Oil Trading Company (IOTC)

Norwegian Firm to build Oil Tankers for Iraq

By on 18th August 2020 in Iraq Oil & Gas News

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

By on 7th May 2018 in Iraq Oil & Gas News, Security

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 […]