National Iranian Tanker Company

National Iranian Tanker Company (NITC)
Company typePublicly traded limited company
IndustryOil tanker shipping
Founded1955 (1955)
HeadquartersTehran, Iran
Key people
Alireza Ali-Ahmadi (CEO)
ParentNational Iranian Oil Company

The National Iranian Tanker Company (NITC, Persian: شرکت ملی نفتکش ایران, Sherkat-e Meli-ye Naftkesh-e Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009.[1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians.[2] It is the biggest tanker company in the Middle East.[1] The company transports Iranian crude oil to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, TotalEnergies, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi.[2] NITC has a capacity of 11 million tons per year.[3]

  1. ^ a b "Iran Daily - Domestic Economy - 04/20/09". Archived from the original on 22 May 2009. Retrieved 3 March 2011.
  2. ^ a b "Iran's NITC to be World's Third Biggest Tanker Company by 2013". www.payvand.com. Retrieved 13 January 2018.
  3. ^ "Archived copy". Archived from the original on 25 September 2009. Retrieved 21 July 2009.{{cite web}}: CS1 maint: archived copy as title (link)

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