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Iran tanker firm delays expansion as sanctions hurt

Reported by Reuters on Tuesday, 26 June 2012 (on June 26, 2012)
Reuters
LONDON/HONG KONG (Reuters) - Iran's top commercial tanker operator NITC has delayed the expansion of its oil fleet, company and industry sources said, as Western sanctions on the OPEC member's crude exports and a weak freight market hurt its ability to turn a profit.

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