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 John Lee. Iraq's State Oil Marketing Organization (SOMO) has expressed strong concern following attacks on two oil tankers operating within Iraqi territorial waters. According to SOMO, the tanker SAFESEA VISHNU, flying the flag of the Marshall Islands and chartered by an Iraqi contracting company, and the tanker ZEFYROS, flying the Maltese flag and carrying condensate […]
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 […]
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, has participated in the inauguration of the new oil tanker "Sumer" at Khor al-Zubair port in Basra. Abdul Ghani stressed the ministry's keenness to build a new oil tanker fleet through contracts with reputable international companies to build modern tankers of different capacities. The "Sumer" tanker […]
By John Lee. The Iraqi Ministry of Oil has announced the delivery of a new oil tanker named "Sumer." The Director-General of the Iraqi Oil Tankers Company (IOTC) emphasized the ministry's commitment to expanding the national fleet through new contracts with global specialized firms. Mr. Ali Qais said the technical team and the designated committee […]
By John Lee. The Iraqi Oil Tankers Company (IOTC) has confirmed that it plans to increase the size of its fleet. The company's general manager, Ahmed Khazal, told the Iraqi News Agency (INA), that it will both build and buy new tankers. IOTC currently owns four tankers. (Source: INA)
By John Lee. Iraq Business News Expert Blogger, Ahmed Mousa Jiyad, has demanded an investigation into Iraq's reported contract to buy tankers from a Norwegian company. The Ministry of Oil announced on 18th August that the Iraqi Oil Tankers Company (IOTC) had concluded a contract with Norway's Batservice Mandal [Båtservice Mandal AS] to build two […]
