Tag Archives: Shipping

.The two ports (Chabahar and Gwadar) are not rivals but they complement each other

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

.The January drop in OPEC output has been offset slightly by higher supply from Libya and Nigeria

The 35.000-ton cargo. valued at 300 billion Rials. took eight days to load the bitumen on the ship.

Under the sanctions regime. Iran’s petrochemical export was limited to the Middle East. such as Turkey and the UAE.

Iran is set to export some 2.16 million bpd. Post-sanction exports reached a high of almost 2.6 million barrels last September.

Iran agreed in November to cap its oil output at an average of 3.797 million barrels for the first half of 2017.

Iran and Oman have agreed to conduct joint venture in Chabahar Free Trade Zone.

Iran and Oman are expected to invest in Chabahar Free Trade Zone on joint venture.

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