New Oil Tanker joins Iraqi Fleet

New Oil Tanker joins Iraqi Fleet

Iraq’s Oil Minister, Hayan Abdul Ghani, participated in the inauguration of the new oil tanker “Sumer” at Khor al-Zubair port in Basra.

Abdul Ghani emphasized the Ministry’s commitment to building a new fleet of oil tankers with modern capacities through contracts with reputable international companies.

The tanker “Sumer” with a capacity of 200,000 barrels is one of two contracted with a Norwegian company. The second tanker, “Aked”, is expected to arrive soon.

Ali Maaraj, the Undersecretary of the Ministry of Oil for Distribution, has praised the efforts and achievements of the national oil sector since 2003. He highlighted the sector’s contribution to increasing production and exports, achieving financial revenues for the state treasury, and the significance of the licensing rounds. These rounds added three million barrels to the national production and generated financial revenues surpassing $900 billion.

Ali Qais, the Director General of the Iraqi Oil Tankers Company (IOTC), has confirmed that the Ministry and the Minister are supportive of building a new fleet for the IOTC, in order to reinforce the company’s oil tanker balance that has been damaged by wars.