Mousa Jiyad Questions Norwegian Tanker Deal

By John Lee.

Iraq Business News Expert Blogger, Ahmed Mousa Jiyad, has demanded an investigation into Iraq's reported contract to buy tankers from a Norwegian company.

The Ministry of Oil announced on 18th August that the Iraqi Oil Tankers Company (IOTC) had concluded a contract with Norway's Batservice Mandal [BĂ„tservice Mandal AS] to build two oil tankers.

According to Mr Jiyad, the company has no experience in building ships of this sort, and filed for bankruptcy last year.

The full text of Mr Jiyad's statement (in Arabic) can be read below:

Norwegian Firm to build Oil Tankers for Iraq

By John Lee.

Iraq's Ministry of Oil, represented by the Iraqi Oil Tankers Company (IOTC), has concluded a contract with Norway's Batservice Mandal [BĂ„tservice Mandal AS] to build two oil tankers.

Oil Minister Ahsan Abdul-Jabbar Ismail said that this contract comes within the framework of the ministry's plans to rebuild the national fleet of oil tankers, which he said have been damaged by futile wars over the past decades.

The General Director of the Iraqi Oil Tanker Company, Ahmed Khazal, said that the two oil tankers will have a capacity of 30,000 tons each, and be delivered 18 months after the date of signing the contract.

(Source: Ministry of Oil)