The fund is proposed to be used by the Islamic Republic of Iran Shipping Lines and the National Iranian Tanker Company (NITC), Ali Rabiei said on Sunday addressing the 60th anniversary of NITC’s establishment.
He added the NITC’s fleet is capable of carrying more than 130 million tons of crude and oil byproducts.
Domestic projects in the oil industry’s upstream and downstream sectors will require $180 billion in funds in the next six years, Rabiei said.
“The Rouhani administration plans to achieve an economic growth of 8 percent. This is while, for each 1 percent of economic growth, we need $31.25 million worth of investment.”
NITC owns 62 tankers and a number of large vessels with a capacity to load and carry 15.4 million tons of goods and products.
Your Comment