KOTC to Receive New Giant Tanker

Source: KUNA 9/27/2011, Location: Middle East

A fourth giant tanker will join the fleet of Kuwait Oil Tankers Company (KOTC) on Friday, announced the company Board Chairman and Managing Director Nabil Bouresli. The 320,000-ton oil tanker, "Al-Rigga," is one of six giant vessels, built in South Korea at a cost of USD 800 million, according to an agreemeent, said Bouresli in a statement to KUNA on the sidelines of the Middle East Oil and Gas Show and Conference (MEOS), currently held in the Bahraini capital.

The company has been implementing a plan, since 2003, to upgrade its fleet. First phase of the scheme started with construction of nine tankers, and ended in 2008. The second stage started in 2009, with the aim of building six tankers, including four giant ones and two for carrying bi-products. Bouresli added that the KOTC is enlarging its fleet in harmony with the state plan to increase the crude output to four million barrels per day by 2020. Currently, the KOTC operates up to 22 double-deck tankers, classified as friendly to the environment, Bouresli stated, indicating plans to build tankers that could function for 25 years. The company strategy is to increase its fleet to 32 tankers.


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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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