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National Iranian Tanker 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]

For other uses, see Frontline (disambiguation).

Company type

Publicly traded limited company

Oil tanker shipping

1955 (1955)

Tehran, Iran

Alireza Ali-Ahmadi (CEO)

National Iranian Oil Company

NITC's revenues during the last Iranian year (ended March 20, 2009) reached $1.5 billion. 51 percent of the revenues came from Europe, 26 percent from Asia, 15 percent from Africa and 8 percent from other parts of the world, including Canada, Venezuela and Latin America.

[1]

NITC observes regulations. NITC has been awarded ISO 9002, ISO 14001 (for management), PMS (for maintenance and repair system), STCW (for maritime supervision systems) and ISMC (for maritime safety management).[1]

International Maritime Organization

Iran pumps about 4mn barrels per day to world markets, with roughly 60% bound for Asia and the remaining headed to Europe (2008).

[4]

In 2008, NITC transferred 103 million tons of petroleum products abroad.

[1]

As of 2015, Iran has 42 very large crude carriers or , each able to carry 2 million barrels of oil.[5]

VLCCs

Transport in Iran

International rankings of Iran in Transport

IRISL Group

(official website)

National Iranian Tanker Company

Iran Oil Tankers Said by Zanzibar to Signal Wrong Flag