BREAKING NEWS

Iran launches its first home built oil tanker

By REUTERS

JULY 24, 2012 15:22

DUBAI - Iran launched its first domestically-produced aframax oil tanker, Iranian media reported on Tuesday, sidestepping growing Western sanctions which have targeted oil exports and battered its maritime trade.

The oil tanker was ordered by Venezuela, Iran's Fars news agency reported.

"The production of the aframax ship is the first export shipbuilding activity of Iran, and we must continue by attracting more customers," said Mehdi Etesam, managing director of Iran Maritime Industrial Company SADRA, according to Fars.

It was not clear if further Iranian-made aframaxes were under order. Aframaxes can carry up to 700,000 barrels of oil.

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