(EnergyAsia, May 30, Friday) — Iran’s national tanker company, NITC, has booked another 270,000-ton Very Large Crude Carrier (VLCC) supertanker to store its crude oil.
The country already has 13 VLCC with a floating storage capacity of over 28 million barrels of oil.
However, Iran is reportedly seeking additional tankers to add to its floating storage capacity as it has insufficient onshore tank capacity of its own.
With oil prices expected to rise further after hitting a record US$135.09 a barrel on May 21, traders and governments around the world are building up their stockpiles.
Iran may have more reason than most to stockpile oil as reports persist that US President Bush is preparing to launch a military attack on the Islamic regime.