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Iraq Offers Tender to Buy or Build Crude Oil Tanker

Source: Bloomberg 4/18/2012, Location: Middle East

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The Iraqi Oil Tankers Co. offered a tender for the purchase or the construction of a crude oil tanker with a capacity of 6,000 metric tons or more. Companies can submit bids until April 23, according to the website of the state-owned company.

The tanker will be the Iraqi government’s third state-owned oil transport vessel, as it currently operates two 13,500-ton tankers bought in 2007 and 2008. Iraq’s fleet of about 15 oil tankers was destroyed or fell into disrepair since the country’s war with neighboring Iran in the 1980s and subsequent conflicts in the region.

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