Iraq’s national oil tanker company is set to slowly begin rebuilding its fleet, destroyed by decades of war and sanctions, as the country’s oil sector crawls back to its feet, a senior company official said.

The Iraqi Oil Tankers Company (IOTC), a unit controlled by the country’s Ministry of Oil, received a $20 million-loan from the government to purchase two medium-ranged (MR) tankers, the company's commercial director, Karim Jabar Hassan, said.
“As you know we are slowly trying to rebuild our fleet, and this year we are looking to get two MR tankers to help with bunker fuel supply at Iraqi ports,"” said Hassan in a telephone interview from the southern city of Basra.
The company is looking to help supply about 60,000 tonnes of marine fuel monthly to various ports in Iraq.