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| Syria-Lebanon-Iran |
| Iran braces for sanctions, buys 17 new |
| 2006-05-12 |
| From Geostrategy Direct, subscription. Iran's state tanker company has invested about $2 billion to procure 17 new oil tankers. Officials said the National Iranian Tanker Co. could order at least 30 more liquefied natural gas carriers by the end of the year. Also known as Persian Gulf Roman Candles. Iran plans to register the ships outside the country to maintain oil exports even under sanctions imposed by the United Nations. They said NITC has been awaiting delivery of 13 oil carriers with a capacity of about 318,000 tons each. "We think about our internal requirements but we are thinking about being a global company," said Sheyedan Seyedhabibollah, commercial director of NITC. Think "Lamp Posts" and you will be closer to the mark, Sheyedan. |
| Posted by:Alaska Paul |