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The deal is $400m in total

The deal is $400m in total
The Libyan state shipping firm has taken delivery of two aframaxes as part of a previously announced $400 million deal for six oil tanker newbuildings.

The Libyan state shipping firm has taken delivery of two aframaxes as part of a previously announced $400 million deal for six oil tanker newbuildings.

The Libyan state shipping firm has taken delivery of two aframaxes as part of a previously announced $400 million deal for six oil tanker newbuildings.

Company sources were quoted saying the Al-Qadisiyah was built in 2008 by Samsung with a capacity of 116,000 tonnes, or the ability to carry up to 835,000 barrels.

The Al-Jala, meanwhile, was built in 2007 at Sasebo with a capacity of 115,000 tonnes, or the ability to carry 825,000 barrels.

The same sources added that the Al-Qadisiyah and the Al-Jala ?have joined the company's fleet and as soon as they were delivered made their first operational trip and sailed from where they were on the Chinese coast towards the Indian Ocean,? BBC reported.

Libya's General National Maritime Transport Co. had signed contracts worth $400 million for six oil tanker newbuildings with South Korea's Samsung Heavy Industries and Japan's Sasebo Heavy Industries.

Samsung is to construct four tankers while the remaining two will be built by Sasebo.

The six tankers have been designed with a combined carrying capacity for some five million barrels of crude oil.

Libya's state shipping firm controls almost all the transportation of Libyan oil. Its current fleet has a combined carrying capacity of at least 11.8 million barrels.

Its total fleet consists of 13 crude oil tankers, three product carriers and two LPG carriers, according to its website.

Libya is the third largest African oil producer after Nigeria and Angola with an output of two million barrels per day (bpd), a figure it intends to increase to three million bpd by 2013, the AFP news agency reported.

www.TurkishMaritime.com.tr

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