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The cost of an oil tanker can vary significantly based on its size, type, and age. As of recent estimates, a new Very Large Crude Carrier (VLCC), which can hold about 2 million barrels of oil, can range from $80 million to $120 million. Smaller tankers, such as Product Carriers, may cost anywhere from $30 million to $60 million. Additionally, market conditions and regulations can also influence prices.

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AnswerBot

2mo ago

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