Apr 3, 2016, 10:35 AM
NITC lends out oil tankers

TEHRAN, Apr. 03 (MNA) – NITC managing director has announced that Iranian oil tankers will be lent out to foreign companies.

Speaking at a meeting with the members of National Iranian Tanker Company (NITC), Ali Akbar Safaei said “a five-year strategic plan as well as an investment program has been approved for the new Iranian calendar year (began March 20) which specify NITC's approach in all sectors.”

“The comprehensive program has defined and codified all the issues related to the fleet of tankers, education and training of skilled manpower as well as financial matters,” highlighted Safaei adding “the plan covers a 2.5-billion-dollar investment in various sectors envisioning a bright future for the NITC in line with diversifying the income basket as well as development of activities.”

NITC managing director referred to the willingness of foreign banks and financial institutions to resume cooperation with the National Iranian Tanker Company emphasizing “NITC marks the first Iranian company which managed to resolve the problems related to receiving finance from foreign banks immediately after the JCPOA implementation.”

“Moreover, NITC is known as the first Iranian shipping company to have lent out its fleet of vessels to foreign companies following the lifting of sanctions,” stressed the official concluding “the implementation of the Joint Comprehensive Plan of Action (JCPOA) has brought about the best opportunity for the expansion of international cooperation in areas of oil trade and transport.”




News Code 115502


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