Iran’s NITC to Add 22 VLCCs to Tanker Fleet by 2013

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NITC of Iran expects to become the third-largest oil-tanker company by 2013, and possibly the second-biggest, when it takes delivery of 22 very large crude carriers and expands its fleet by 72 percent, an executive said.

NITC, formerly known as National Iranian Tanker Co., is not hindered by economic sanctions on Iran, Area Manager Capt. R. Ghareh told reporters today in Sharjah in the United Arab Emirates.