NITC
What is it?
The NITC is basically a subsidiary of the National Iranian Transportation Company, that handles all of the oil transportation to export companies.
This company is the 4th largest oil transporter in the world and it has the largest number of VLCC on earth. VLCC stands for Very Large Crude Carrier and Iran has 42 of them. No other country has any where close to this number and each carrier can carry up to 2 million barrels of oil each.
Iran has poised itself to get ready to handle business in the west as nuclear sanction talks look to close in the near future.
We wait with baited breath as the nuclear talks continue but, if Iran is allowed passage into the west this could be a big opportunity to invest.
We'll wait and see....
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