Languages: ENNL

Thu 21 Mar 2013

Iran launches first ocean-going tanker ship

Iran launches its first indigenous ocean-going oil tanker, delivering it to the National Iranian Tanker Company (NITC), the Middle East's largest tanker company.

The 186 metres-long vessel is capable of carrying 35,000 tons of oil products and has an estimated value of around $29 million. 

The move is part of the country's attempt to enhance its shipbuilding industry in a time when the Islamic Republic's economy has been shaken by western-backed sanctions over its nuclear program.

In 2009, President Mahmoud Ahmadinejad banned the purchase of foreign ships by Iranian organizations.

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