Table of Contents. Chronology of NITC in Brief. Iran s Energy and Maritime Potentials. Conclusion

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2 Table of Contents Chronology of NITC in Brief Iran s Energy and Maritime Potentials Conclusion 2

3 Chronology Of NITC in Brief 3

4 NITC History Establishment of JV Tanker Shipping Company with BP (Total 10 Tanker vessels M Dwt) 1976 All Shares of NITC Transferred to NIOC No. of Tankers increased to 7 with Total tonnage of (682 K Dwt) 1955 Establishment of NITC - The shareholder was a National Fund - Owned, Two 2 nd. hand Product Tankers - Purchased Two 35 K Dwt Tankers 4

5 Escalation of war to PG (Tanker War) Air strike Seafarers martyred - Shipment of 3.5 Billion Barrels of crude oil from war zone Privatization Scheme of NITC - 34%, NIOC Pension Fund - 33%, Gov. Pension Fund - 33%, Social Security Fund Resumption of Fleet - Ordering 28 New Tankers & replacing damaged and old Tankers 1980 Iraq s Imposed war against Iran - Export of Crude Oil from war zones - Import of Oil Products 5

6 Developing of Value Chain Of Maritime Industry - Purchase of VLGC Vessels - Purchase of Tanker Vessels - Developing Bunkering Business - Training and Manning - Ship Management Business - Ship Repair, Maintenance and Supply 2010 Having had the expansions, NITC Fleet recognized as the world s top shipping company in terms of tonnage (Over 15.4 M Dwt) 2013 Expansion of NITC Fleet - 12 VLCCs - 1 LPG Carrier EU General Court, declares that the sanction against NITC is illegal & the reason in behind is insufficient 6

7 Main Charterers of NITC Fleet Year (2000 t0 2012) 1 NIOC 13 TUPRAS 25 NAVION 2 NICO 14 GLASFORD 26 URSA 3 CSSSA (Total) 15 SOIL 27 SASOL 4 SHELL 16 VITOL 28 ERG 5 BP 17 ZHUHAI ZHEN RONG 29 SIBNEFT 6 PETRONAS 18 SINOCHEM 30 OMA 7 REPSOL 19 SK 31 SARAS 8 UNIPEC 20 PETRON 32 CLEARLAKE 9 ENGEN 21 CPC 33 TAMOIL 10 IOC 22 CHINA OIL 34 STASCO 11 AGIP 23 THAI OIL 35 API 12 PETROBRAS 24 CEPSA 36 KPC 7

8 NITC Membership in Maritime Organizations In recent Years Oil Companies International Maritime Forum (OCIMF) INTERTANKO Bimco Kish P & I Asian P&I Club Islamic Shipowners Executive Committee Of Iranian Maritime Organization Iran National Safety Committee Iranian Maritime Association Lloyd s Advisory technical Committee DNV Technical Committee 8

9 NITC Fleet Total fleet : 62 Tankers Tonnage : Over 15.4 Mdwt (1 st. Ranking) Full management: 69 double hull tankers Employees: - Well trained seafarers - Over Shore based The Fleet includes : ( 35 K to 318 K dwt) o VLCC, o Suezmax, o Aframax, o Product/Chemical Tankers o LPG carrier vessels o MR Tankers (Under full management) 9

10 Billion $ Income

11 Strategic Goals (5 Year Strategic Plan) Diversifying the Revenue Streams Engaging in new Initiatives in Shipping Industry Increasing Loyalty, Job Security & Empowering the Human Resource Maintaining the highest level of Quality, Safety, Security and Environmental Standards Optimal Management of the Costs Expansion of fleet in future: - Crude Oil and Product Fleet - LPG Fleet - LNG and FLNG Increasing NITC s Market Share 11

12 Iran s Energy and Maritime Potentials 12

13 Strategic Oil & Gas Reservoirs Region More than 55% of approved Oil Reservoirs And More than 70% of approved Natural Gas Reservoirs of the World is located in Persian Gulf & Up to Caspian Sea Region Iran Oil Ministry Annual Bulletin (5 th Edition) 13

14 Potentials of Iran s Energy Oil Reservoirs Billion bbls (4 th. Ranking wise 9.3% of Total) Natural Gas Reservoirs 34 Trillion M3 (1 st. Ranking wise 18.2% of Total) Crude Oil Export in near Future: 1.5 to 2.0 M bbls p/d LPG Export Outlook: 8.5 Million Tonnes p/y It will be increased by developing of new phases in Assaluyeh Projects (South Pars) 14

15 Conclusions 15

16 Major Issues Which have Impacts on Global Tanker Shipping Companies Impact of Suez & Panama Canal development & on trading lanes Increase in Energy Consumption India & China US, Oil Production Increase, Import Reduction & Lifting Oil Export Ban OPEC Oil Export Policies Strategic Petroleum Reservoirs of Chinese & other Countries 16

17 Major Issues Which have Impacts on Global Tanker Shipping Companies Contango Effects Export of Oil Products from M/E to EU region U.S. LPG & LNG Production LNG Demand on the increase in many parts of the world Entry of NITC Fleet to Global Market 17

18 Major Issues Which have Impacts on Global Tanker Shipping Companies Iran with the biggest Gas Reservoirs in the world, means there is a wide range of potential investment opportunities in developing LNG production as well as in LNG transportation. NITC officially announces it is ready to enter into new cooperation & Joint Ventures with major companies willing to invest in Iran s Oil & Gas Sectors including FLNG 18

19 NITC Sincerely Welcomes : Business Partners Who are interested in development & investments in new shipping projects on the basis of Joint Venture activities 19

20 NITC, International Oil and Gas Trade and Shipping Center NITC, Plans to construct a tower for its new office as well as act as an International Business Complex The aim of NITC is to create a Hub, for related industries to the International Oil & Gas Trade & Shipping Center 20

21 NITC Oil Trade & Shipping Center 21

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