National Iranian Tanker Company

National Iranian Tanker Company (NITC)
Company typePublicly traded limited company
IndustryOil tanker shipping
Founded1955 (1955)
HeadquartersTehran, Iran
Key people
Masoud Bazouee (CEO)
ParentNational Iranian Oil Company

The National Iranian Tanker Company (NITC, Persian: شرکت ملی نفتکش ایران, Sherkat-e Meli-ye Naftkesh-e Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. It is the biggest tanker company in the Middle East. The company transports Iranian crude oil to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, TotalEnergies, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi. NITC has a capacity of 11 million tons per year.