By John Lee. Iraq's Ministry of Oil is planning a strategic overhaul of the Iraqi Oil Tanker Company (IOTC), including partnerships with tanker-owning firms, deferred-payment purchases, and leasing arrangements to expand the fleet. The ministry's aim is to acquire large modern vessels with a capacity of up to two million barrels, better suited to the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can Iraq Navigate the Hormuz Dilemma with a New Maritime Fleet? Momentum is building in Iraq to resurrect the nation's maritime shipping fleet after decades of war, sanctions and instability have kept the […]
By Yaqoub Yousif Al-Khudhur, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Restructuring and Change of Ownership as a Prerequisite for Expanding the Iraqi Oil Tankers Company: An Analytical Feasibility Study Since Iran began closing the […]
By John Lee. The Iraqi government has approved new measures to support oil marketing, storage, and domestic fuel supply, including expanded operational flexibility for key state entities. Under the decision, Iraqi Oil Tankers Company (IOTC) has been authorised to lease available tankers in the Gulf region for use in storage or other purposes aimed at extending […]
By Michael Knights, for the Combating Terrorism Center (CTC) at West Point. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Oil and the Iran Threat Network Iran-backed terrorist groups and militias are developing significant new strands of threat financing using Iraq's oil sector, […]
By John Lee. The Iraqi Oil Tanker Company (IOTC) has confirmed that the oil tanker 'Akkad' was involved in a collision at Berth 9 in Umm Qasr Port on 29th March 2025, with no reported injuries. Following the incident, Minister of Oil Hayan Abdul Ghani directed the formation of a technical investigation committee to determine […]
By John Lee. Iraq's Deputy Prime Minister for Energy Affairs and Oil Minister has launched Iraq's latest oil tanker, the Akkad. Speaking at the event, Minister Hayan Abdul Ghani emphasized the Ministry's commitment to bolstering the Iraqi Oil Tankers Company (IOTC) with new vessels. The new tanker has a capacity of 32,000 tons, and measures […]
By Ahmed Mousa Jiyad (and amended by IBN). Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Båtservice Dubious Contract with IOTC Revisited The Iraqi Oil Tanker Company (IOTC), an affiliate of the Ministry of Oil (MoO), had previously contracted, in 2020, with the Norwegian […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has affirmed the Ministry's commitment to building a fleet of oil tankers. His statement came during a meeting with the Chairman of the Norwegian company Batservice Mandal [Båtservice Mandal AS], Bjørn Fjellhaugen, and the accompanying delegation. The Minister praised the role of Batservice, in cooperation […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Iraq's oil tanker ambitions have not made it to deep waters Shipping is one of many sectors where Iraq is still playing catch-up after decades of conflict. To this end, the Iraqi […]
