{"id":642586,"date":"2017-08-17T04:00:46","date_gmt":"2017-08-17T04:00:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/17\/iraq-forms-new-joint-venture-with-pan-arab-shipping-company\/"},"modified":"2017-08-17T04:00:46","modified_gmt":"2017-08-17T04:00:46","slug":"iraq-forms-new-joint-venture-with-pan-arab-shipping-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/17\/iraq-forms-new-joint-venture-with-pan-arab-shipping-company\/","title":{"rendered":"Iraq forms new joint venture with pan-Arab shipping company"},"content":{"rendered":"

Iraq has formed a new joint venture \u201cwith a shipping company owned by Arab <\/strong>states to transfer, store and trade crude and oil products,\u201d<\/strong> Reuters reports<\/a>. The new company is called Al-Iraqia Shipping Services and Oil Trading (AISSOT), and it will handle a \u201cplethora of activities ranging from trading of petroleum products, ship chartering, oil terminals, various marine services, and bunkering.\u201d AISSOT is owned by state firm Iraqi Oil Tankers Co. (IOTC), which owns 22.5% of its shares, and Arab Maritime Petroleum Transport Co (AMPTC). AMPTC was established in 1973 with Saudi Arabia owning 15.595% of its shares and with stakes owned by Kuwait, UAE, Qatar, Iraq, and Egypt among other Arab countries. \u201cThe new venture will have exclusive rights for transportation of crude and refined products. It will develop other projects include trading starting with fuel oil and products and can eventually get into crude oil allocations,\u201d an industry source told Reuters. AISSOT will be based in Dubai with plans to open offices in Singapore and other hubs, the report adds.<\/p>\n","protected":false},"excerpt":{"rendered":"

Iraq has formed a new joint venture \u201cwith a shipping company owned by Arab states to transfer, store and trade crude and oil products,\u201d Reuters reports. The new company is called Al-Iraqia Shipping Services and Oil Trading (AISSOT), and it will handle a \u201cplethora of activities ranging from trading of petroleum products, ship chartering, oil […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642586","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5b0e8119-be40-405d-9c01-b0345cbd18be","order":"0","is_powered_by":true,"section_story_id":"2bad9f49-0fb7-406a-9398-6dcbb2921efa","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642575],"teaser":"","voice_url":""},"yoast_head":"\nIraq forms new joint venture with pan-Arab shipping company - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/17\/iraq-forms-new-joint-venture-with-pan-arab-shipping-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iraq forms new joint venture with pan-Arab shipping company\" \/>\n<meta property=\"og:description\" content=\"Iraq has formed a new joint venture \u201cwith a shipping company owned by Arab states to transfer, store and trade crude and oil products,\u201d Reuters reports. 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