Iraq Plans to Acquire `Large Fleet` of Oil Tankers

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Iraq plans to acquire a large fleet of oil tankers to transport the OPEC nation`s crude to global markets. Oil Minister Jabar al-Luaibi said in a statement on Friday.
The nation`s tanker fleet was largely destroyed during the U.S.-led offensive to dislodge Iraq from Kuwait in 1991. according to the state-run Iraqi Oil Tankers Company`s website. The company owned as many as 24 tankers in the 1980s.
The ministry is keen to restructure the company and develop its operations by building and buying a large fleet of tankers. Luaibi told the company`s management. according to the statement.
Iraq is OPEC`s second-largest producer. after Saudi Arabia.