July 29, 2012

Iran ready to provide full insurance for tankers carrying its oil: NIOC official

A senior official at the National Iranian Oil Company (NIOC) says Iran is prepared to provide full insurance coverage for both Iranian and foreign tankers shipping its oil.

“Buyers of Iran’s oil have two options. They can either use their own tankers to ship the purchased oil or they can hand over this task to the Iranian fleet,” Mohammad-Ali Khatibi, NIOC’s director for international affairs, said in an interview with Iran newspaper on Saturday. Read more.


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