World Tribune.com

Kuwait expands 24-tanker
oil fleet

SPECIAL TO WORLD TRIBUNE.COM
Monday, October 16, 2006

ABU DHABI — Kuwait is expanding its oil tanker fleet.

Officials said four tankers would be built in an effort to expand Kuwait's oil export industry. They said the state-owned Kuwait Oil Tanker Co. would issue a tender in 2007 for a crash program meant to upgrade the tanker fleet.

Each tanker would have a capacity of 300,000 tons of crude oil and cost up to $130 million, officials said. They said the new tankers would replace older vessels. In all, Kuwait has 24 tankers, Middle East Newsline reported.

In the second stage of the project, officials said, Kuwait could order another two tankers. Nine other vessels — most of them ordered from South Korea — have been nearly completed and would be delivered in 2007.


Copyright © 2006 East West Services, Inc.

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