Iran books two more tankers to store crude

June 1, 2006
National Iranian Tanker Co. chartered two more very large crude carriers to store crude oil from Soroush and Nowruz fields in the Persian Gulf.

Eric Watkins
Senior Correspondent

LOS ANGELES, June 1 -- National Iranian Tanker Co. chartered two more very large crude carriers to store crude oil from Soroush and Nowruz fields in the Persian Gulf.

Iran already has seven VLCCs under contract for use as sorage because of difficulties selling heavy, sour crude.

Norwegian shipbrokers confirmed contracts for the 313,679-dwt Stena Vision and the 302,493-dwt Edinburgh for up to 120 days.

The bookings raise NITC's floating storage capacity to 18.4 million bbl.

Contact Eric Watkins at [email protected].