Tag Archives: National Iranian Oil Refining and Distribution Co. (NIORDC)

That’s the first oil consignment sent to Indonesia after the elimination of international sanctions in 2016.

Iran wants not only to upgrade its dilapidated refineries but also build new ones.

.The NITC chief said his company has signed deals with foreign companies for leasing 35 tankers

.Current oil byproducts exports capacity namely diesel and liquefied natural gas stands at 500.000 barrels per day

Iran possessed the largest tanker fleet in the world and the capacity of vessels belonging to NITC has climbed to over 15.5 million tons per year

9 refineries with an aggregate total capacity of 1.73 million barrels are functioning across the country

35 contracts have been inked with European sides for taking out leases on 35 Iranian tankers.

Iran has reportedly started sending its first direct shipments of crude oil to Europe.

NITC has leased 30 of its tankers to foreign companies since JCPOA implementation.

Iran sanctions have resolved the NITC’s transportation and insurance problems in international trade.