Latest news with #IraqiOilTankerCompany
Iraq Business
01-04-2025
- Business
- Iraq Business
Iraqi Oil Tanker in Collision at Umm Qasr Port
By John Lee. The Iraqi Oil Tanker Company (IOTC) has confirmed that the oil tanker ' Akkad ' was involved in a collision at Berth 9 in Umm Qasr Port on 29th March 2025, with no reported injuries. Following the incident, Minister of Oil Hayan Abdul Ghani directed the formation of a technical investigation committee to determine the cause of the accident. Specialized technical teams are assessing the damage and carrying out necessary repairs, ensuring that the vessel continues its scheduled delivery without delay. The company emphasized that such incidents are part of global maritime operations due to various operational factors and that it is adhering to international safety protocols set by the International Maritime Organization (IMO). It also reaffirmed that all crew members hold certified maritime qualifications, ensuring competent and professional tanker operations. Iraq's Oil Tanker Company reiterated its commitment to maintaining the safety of waterways and enhancing security measures to ensure uninterrupted maritime operations in line with international standards. The Akkad, which was launched just a year ago, has a capacity of 32,000 tons, and measures 184 meters in length and 32 meters in width. (Source: Iraq Oil Tanker Company)
Jordan Times
10-03-2025
- Business
- Jordan Times
Kingdom imports 780,000 barrels of oil from Iraq in first 2 months of 2025
AMMAN — Director General of the Iraqi Oil Tanker Company Nael Thiabat said that the quantities of Iraqi oil imported by Jordan from Iraq amounted to 780,000 barrels during the first two months of 2025. Thiabat on Sunday explained to Al Mamlaka TV that the quantities of imported Iraqi oil during January amounted to 310,000 barrels by 10,000 barrels per day, while in February it reached 460,000 barrels by 15,000 barrels per day. Regarding the fluctuation in quantities between January and February, Thiabat explained that technical problems related to loading from Kirkuk warehouses (northern Iraqi refineries) prevented loading the upper limit of the agreement, which is 15,000 barrels per day. Thiabat stressed the continuation of the transport of crude oil on a daily basis at a rate of 15,000 barrels per day. Jordan and Iraq extended a memorandum of understanding between the Ministry of Energy and Mineral Resources and the Iraqi Ministry of Oil, under which Jordan is supplied with no more than 15,000 barrels of oil per day based on the monthly Brent crude oil rate minus $16 per barrel, in order to cover the difference in quality and transportation fees. The agreed quantity constitutes about 10 per cent of the Kingdom's crude oil needs, where the MoU runs until June 26. Under the MoU, Jordan is committed to providing basin tanks to transport Iraqi crude oil from Iraq to the Jordanian oil refinery in Zarqa, and the tankers will be distributed equally between Jordanian and Iraqi companies.
