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Strait of Hormuz crisis to spur oil companies into action in building tanker fleets
Analysts believe ships will pay for themselves after five or six voyages at elevated rates
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Iraq's Prime Minister Ali al Zaidi has ordered oil companies to "operate 24 hours a day" to increase crude oil production, in addition to developing the country's energy and export infrastructure in the face of the Ormuz Strait crisis. These orders aim to "ensure sustainability and increase production and export rates," according to a statement from Al Zaidi's office, published following an expanded meeting of the Iraqi Ministry of Oil, which wa…
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