NITC Plans $2.5bn Modernization Plan

Date: 02 April 2016 - 21:25

News ID: ۲۵۱۳۲

TEHRAN (Dispatches) -- Iran is seeking $2.5 billion investment to modernize its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian Tanker Company (NITC) was quoted as saying by state news agency IRNA on Saturday.
"To expand Iran's oil tanker activities, $2.5 billion will be invested in it," said Ali Akbar Safaei, managing director of National Iranian Tanker Company (NITC). Safaei said that NITC was the first Iranian company that has managed to rent its ships to foreigners after the lifting of sanctions.